Industrialization leads more elderly people to move out of the labor force,giving rise to what we call "retirement."

Question

Quizplus · Accepted Answer

With the shift towards industrialization, there is a decrease in the importance of physical labor and an increase in the importance of mental labor. This leads to more opportunities for young people and fewer for the elderly, which in turn leads to retirement becoming a more common phenomenon.

Industrialization Leads More Elderly People to Move Out of the Labor