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High birth rates mean that the labour force grows in line with the population.
A recent report from Goldman Sachs notes that as America's labour force grows more slowly, overall economic output will also slow.
Stripping away temporary ups and downs, Britain's economy could be expected to expand by about 2% a year as the labour force grows and people in work get better at doing things.
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That is already more than 10% of a labour force growing at 2.3% a year.
That, however, was not the case in January when the labour force grew by 250,000.
The labour force grew until 2008, but a dip in the birth rate in the 1990s means that it is now shrinking.
Almost 40% of those hired for new jobs in 1996 were Latino, even though this group makes up only about 10% of America's population.Last year America's labour force grew far faster than demographic trends would imply.
China, for its part, also took advantage of a "demographic dividend": fertility rates fell, and the labour force grew faster than the dependent population, freeing up resources to invest in people and capital.
Over time, real wages rise and, if the shock persists, the labour force starts growing also thanks to the inflow of workers from other geographical locations.
Unemployment is up in Mecklenburg County: 6.6% in September, up from 5.1% in January, but the county has actually added jobs over that time; the labour force is growing.
Between 2000 and 2030, BCG expects Mexico's labour force to grow by 58% and the United States' by 18%, as China's shrinks by 3%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com