Using four or more complete sentences, describe why an aging population has caused a shortage of workers in Singapore.
1 answer
An aging population in Singapore has caused a shortage of workers because older individuals generally retire from the workforce, leaving fewer individuals of working age. As more people age and retire, there are fewer skilled workers to fill the available job positions in various industries such as healthcare, hospitality, and transportation, among others. This has resulted in an increase in demand for foreign workers to fill the labor gap caused by the aging population. Additionally, industries that rely on skilled workers, such as the manufacturing sector, have been impacted by the shortage of workers, resulting in reduced productivity and economic growth.