This encourages the idea of family planning and reduces the rate of child births in order to avoid an extra hassle and finally a situation of infertility is created.
This shrinkage has a direct effect on the reducing rate of unemployment rate. With lesser people in the work force, companies have lesser people to hire and therefore a smaller competition in the job market. This puts a downward pressure in the unemployment rate and most of the people find jobs easily with even better job remunerations. ...Show more