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Q: What was the effect of inflation on the industry and workers?
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What is the effect of inflation on industry and its workers?

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Explain how the workplace issue of downsizing is related to the global economy?

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How is the workplace issue of downsizing is related to the global economy?

As the baby-boom generation start to retire, there will be fewer experienced workers to work for the industries. This will then cause the industries to search for people with appropriate skills needed for the jobs. If the industries don't find the workers in time, there will be an effect on the business. This effect is, the people won't get what they need from the industry causing the industry to lose its business.