Economic Impact
The rate of growth for labor and capital is the most important determinant of economic expansion. An aging population and a contracting workforce may curb U.S. economic expansion for several decades, for example.
Read more about this topic: Labor Shortage
Famous quotes containing the words economic and/or impact:
“There’s something about Marxism that brings out warts—the only kind of growth this economic system encourages.”
—P.J. (Patrick Jake)
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—Joshua Meyrowitz, U.S. educator, media critic. “The Blurring of Public and Private Behaviors,” No Sense of Place: The Impact of Electronic Media on Social Behavior, Oxford University Press (1985)