Demography is the study of the structure of human populations. Demographers know that the population of country defines and constraints the opportunities available to that country. With that said when the structure of the population in a region changes significant changes in the world economy are sure to follow. What challenges do graying populations create for companies? For many companies graying of the work force means a loss of many life-long experienced workers which could also result in the necessity for new methods of doing business. Toyota in Japan has tried to adapt to the aging of its work force by making its workstations more comfortable for its older workers. Companies operating in countries with shrinking populations are likely to face higher wage and salary costs as the supply of labor declines. When the population of a county is aging firms are likely to face higher taxes as governments struggle to find revenues to support and care for older citizens. Also an increasing portion of the labor force will be employed caring for retirees, shrinking the availability or l......

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