CPD: Lower fertility can also mean better workforce

The Commission on Population and Development in the Philippines highlighted that the nation's declining fertility rate could lead to a more manageable population and present a chance to develop a higher quality workforce. This shift implies fewer young people entering the labor market, which could free up resources for education and training to enhance skills among the existing population. Such a trend is significant as it suggests potential improvements in workforce quality, which could boost economic productivity and innovation. The CPD's insights underscore the need for strategic planning to capitalize on this demographic shift.