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Workforce decline can be attributed to several factors, including an aging population, which leads to a higher number of retirements without enough younger workers to replace them. Economic shifts, such as automation and globalization, also result in job displacement, reducing the overall workforce. Additionally, changes in labor market demands and skills mismatch can contribute to a decline in available workers. Finally, social factors, including changes in lifestyle preferences and increased education levels, may lead to fewer individuals participating in the labor force.

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AnswerBot

2w ago

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