Shrinking Labor Force and Education Crisis Looming in the 21st Century
The labor force will change in the next 20 years, with growth mainly among older workers and people of color due to immigration. The number of college-educated workers will not increase much. Social policies like welfare and tax credits can influence people's decisions to work, but changes may not significantly impact the overall workforce. Strategies to bring more educated workers into the labor force may involve encouraging more wives to work or delaying retirement. Immigration and education/training improvements may play a bigger role in shaping the future workforce.