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I don't fully understand this claim.

The job market has people coming in, but also, in parallel, people exiting out of it.

developed markets, especially in Europe and Japan, will see massive attrition due to people retiring or dying off. the baby boomer generation in the US is retiring as well. all those jobs need to be backfilled and all those old people will need services.

as the world population is stabilizing, it should not be that bad, no?

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