What is the notion of "boom, bust, and echo" put forth by David Foot (2001) from the University of Toronto a characterization of?

Name: What is the notion of "boom, bust, and echo" put forth by David Foot (2001) from the University of Toronto a characterization of?
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David Foot's "boom, bust, and echo" refers to the demographic changes in the age profile of the workforce, particularly focusing on the baby boom generation, their subsequent decline (bust), and the echo generation that follows.

What Is the Notion of "Boom, Bust, and Echo" Put