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    Demand for labor

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    One of the more pressing issues of world population concerns those numbers not being much of a viable labor force today, for 2010 and beyond. If that is the case, the demand for labor is really segmented into (1) healthy individuals with market skills versus (2) the rest of the population. Explain this concept/idea.

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    The world's population is growing older as a result of both declining fertility and increasing life expectancy. These trends manifest themselves in at least two important dimensions: a more slowly growing population and labor force, and an increase in the ratio of the elderly to the working-age population. ...