Exact(2)
It plans to increase its labour force from 283,500 to about 300,000 this year.
If the euro area lifted its employment ratio to American levels over a 20-year period, this could increase its labour force by 1% a year, thereby raising the region's growth potential by the same amount.
Similar(58)
Portugal has all but exhausted the possibilities of increasing its labour force.
However, the euro area has huge scope for increasing its effective labour force even without population growth.
And let it slash its labour force and renegotiate contracts.
Opening the borders would increase the labour force, creating more taxpayers and more potential carers (in hospitals and nursing homes) to look after the elderly.
These can include borrowing and sales of assets to meet expenses and earnings losses, accessing informal community-based insurance pools and formal health insurance, increase the labour force participation of young children or diversify income sources, say by better access to credit [ 9].
Several studies have demonstrated that pharmacological (such as metformin) and lifestyle interventions to prevent or delay the development of Type 2 diabetes in high risk individuals are effective and cost-effective [ 31- 33], and have the potential to increase the labour force participation rate of older workers with this form of diabetes which, in turn, may reduce income losses [ 34].
Since 1974 additional immigrants from Turkey have been brought in to work vacant land and increase the total labour force.
This aligns with the health platform of the current Australian Government which recognises that prevention of chronic diseases can help increase labour force participation.
Nor is there any political debate about it – even economists believe it's a good thing, not least in terms of increasing the labour force by helping both parents to remain in work.
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Justyna Jupowicz-Kozak
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