Textbook Notes (368,788)
Canada (162,165)
Sociology (1,785)
Chapter

Reading: Guillemette- Slowing Down with Age

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Department
Sociology
Course
Sociology 3315F/G
Professor
Ingrid Connidis
Semester
Winter

Description
Soc3315 GuillemettePg 2333Slowing Down with AgeThe Ominous Implications of Workforce Aging for Standard of LivingWorkforce aging as a Crisis The projected ratio of working population to nonworking population once the baby boomers retire means that CND will need to increase labour productivity to maintain past rates of standard of living SOL growth An older workforce will be less productive and contribute less working hours Three historical sources of economic expansion1 Productivity 2 Labour 3 Capital growthPopulation Aging and Living Standards Support Ratio
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