The entrance of large numbers of "baby boomers" into the labor force in the 1970s and 1980s

Question

Quizplus · Accepted Answer

The entrance of baby boomers into the labor force led to increased competition for jobs and therefore increased income inequality. The larger supply of workers led to lower wages and fewer employment opportunities for younger workers, while older workers who were already established in their careers benefited from the increased demand for experienced employees.

The Entrance of Large Numbers of "Baby Boomers" into the Labor