What will happen to the supply of workers 18 to 21 years after a baby boom?

Question

Quizplus · Accepted Answer

A baby boom leads to an increase in the number of individuals being born, therefore there will be an increase in the number of individuals entering the labor market 18 to 21 years after the baby boom. This increase in the supply of workers may lead to lower wages as there are more individuals seeking employment, but it does not necessarily mean that workers will cost more to hire (option A) or that producer surplus will be lower (option D). Additionally, the need for workers to care for retirees (option C) would depend on many variables and is not necessarily tied to a baby boom.

What Will Happen to the Supply of Workers 18 to 21