Factors Affecting The Size of Labour Force Particularly The Population Characteristics - SS1 Economics Lesson Note
The size of the labor force can be affected by various factors, including age, sex, occupation, education, and other demographic characteristics. Here's a brief overview of some of the factors affecting the size of the labor force:
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Age: The size of the labor force is influenced by the age distribution of the population. As the population ages, the labor force may shrink, as more people retire and fewer people enter the workforce.
Sex: The labor force can also be influenced by gender differences, as certain industries or occupations may be more male- or female-dominated.
Occupation: The size of the labor force can be affected by the types of jobs available in a particular area or industry. For example, if there are more job opportunities in a certain field, it may attract more people to that industry and increase the size of the labor force.
Education: Education levels can also impact the size of the labor force, as people with higher levels of education may be more likely to enter certain professions or industries.