Impact of Declining College Enrollment on the Economy
Colleges and universities have experienced a decline in enrollment, with many facing closure due to a shrinking pool of students. The impending demographic decline in the number of 18-year-olds will have far-reaching economic implications, leading to labor shortages and impacting job markets. The diminishing supply of young people could result in a massive labor shortage, affecting various industries. The closure of colleges not only affects students but also has broader economic implications, with job losses and decreased economic impact. The changing landscape of higher education poses challenges that require adaptation and innovation to survive.