Population And Immigration In Relation To The Job Market...

Population And Immigration In Relation To The Job Market The most important factor controlling the size, variety and unemployment in the labor force is that of population growth and decline. Baby Boom Generation: An interesting facet of the American job market has to do with a direct connection to W.W.II - the baby boom generation. (those born between 1947-57). A noticeable increase in enrollment in public and elementary schools grew steadily from 1964 and peaked at 46 million in 1971 due to this large group of children entering school. As they graduated or left school, the rate declined steadily for 13 years, but the rate again grew in 1984 when the children of those baby boomers, the baby boomlets, came of school age.†¦show more content†¦Besides the frightening concept of a growth in new workers is an equally alarming increase of experienced workers. It seems that retirement is being postponed longer and longer, and as this occurs more competition is the effect. Baby boomers are finding that they will not be able to retire because they cannot afford to. According to study done by the Rand Corp. a public-policy research group based in Santa Monica, California, those retiring or soo n planning on doing so have at the best done an adequate job of saving - and this is only true if considering Medicare, Social Security, and their private pensions continue to deliver at or near present levels. Rand also found that the total assets of the median households nearing retirement was at about $ 99,350. This alone is hardly enough to support a retired couple for three years given the current standard of living. Linked to this is the decrease in younger workers that can count on receiving company-paid pension benefits, since their employers are leaving their employees to take responsibility for their own retirement. (Louis S Richman, Why Baby Boomers Wont Be Able To Retire, Fortune September, 4 1995). So here you have a younger generation which is being denied job opportunities due to the elder generations resistance to retire because of the economy. Another problem which arises from this situation is thatShow MoreRelatedBritain Of The European Union1476 Words   |  6 Pagesand Europe. In truth, the issue is much more complex and multifaceted. Brexit must be looked at in terms of its socioeconomic consequences on immigration, the job market, and trade; and also its political effects on British sovereignty. It has been claimed through the last coalition government, and the Labour government before that, that 3-3.5 million jobs depend on Britain’s membership within the European Union. This estimate is based upon the assumption â€Å"that the share of UK employment linkedRead MoreHow Can America Become A Better Immigrant Nation?1245 Words   |  5 Pagesdeclining in recent years. 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