A Tight Labor Market: The New Normal
Modern Restaurant Management
MAY 7, 2024
And it's not just due to the state of the economy — the aging population is another significant factor, with projections showing that by 2050, 22 percent of the global population will be aged 60 and above. Looking ahead, the labor force participation rate (LFPR) is on a projected decline from 62.2 percent in 2022 to 60.4
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