The Overall Age of the Workforce Is Increasing

question 221

Essay

The overall age of the workforce is increasing.What will be some effects of an aging workforce?

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Definitions:

Competitive Strategy

A plan that businesses use to gain an advantage over their rivals in the market, typically by differentiating their products or services, or offering lower prices.

Singularity

Singularity refers to a hypothetical future point in time at which technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes to human civilization.

Strategic Decisions

High-level choices made by an organization's leadership that set the direction and scope of the company over the long term.