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Bloomberg also valued the Tijuana-San Diego connection at $230 billion and a potential labour force of over 3 million people.
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Its labour force of 41 million is expected to decline by 5 million over the next 15 years.
As subjects over the age of 75 are unlikely to be members of the labour force, analyses of this variable excluded subjects over the age of 75.
When the deployment of the labour force is followed over a period of time, certain patterns appear.
There has been a decline in the labour force participation of older workers, over the last decades.
Temporary and part-time workers, with little training and few career prospects, have increased from one-fifth to one-third of the labour force over the past 20 years.The biggest challenge is demographic: Japan is growing older as its population declines.
This is coupled with a dwindling fertility rate and projections that the city state is on track to lose 14% of its labour force over the next 50 years, meaning fewer working-age people to support elderly people.
Whatever the cause, this bleak trend is occurring as the last American troops leave Iraq at the end of this year, and as more than 1m new veterans are expected to join the civilian labour force over the next four years.And of course it is also occurring in fiscally straitened times, though it looks as though this will affect veterans' services less than other parts of the federal government.
Wages and prices did not fall by much in recent years because jobless workers exited the labour force for good a result of over-generous welfare benefits and obsolete skills.
In 2009, labour force consisted of 1.765 million persons out of 3.7 million working age population aged 15 and over.
The figure is compiled from the quarterly Labour Force Survey of 60,000 people, and is averaged over three months.
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CEO of Professional Science Editing for Scientists @ prosciediting.com