A country that alters the demographic of its workforce in a manner that increases the labor force, such as by raising the legal minimum retirement age, is likely to experience:

Question

Quizplus · Accepted Answer

Raising the legal minimum retirement age increases the labor force, which can lead to a higher level of income by having more people working and contributing to the economy. However, it does not necessarily ensure a sustainable, high income growth rate or more productive workers in all facets of the economy, as these outcomes depend on various other factors such as education, technology, and health of the workforce.

A Country That Alters the Demographic of Its Workforce in a Manner