How might declining fertility rates impact the workforce, and what government incentives could be introduced to address this issue?

Declining fertility rates mean fewer babies are being born, which can lead to a smaller workforce in the future. When there are not enough workers, it can slow down the economy because fewer people are available to fill jobs and contribute to productivity. To address this issue, governments could introduce incentives like paid parental leave, affordable childcare, and financial support for families to encourage people to have more children. For example, if a government offers a monthly payment to families for each child, it may help reduce the financial burden of raising kids. By creating a more supportive environment for families, governments can help ensure there are enough workers in the future.