Final answer:
Factors affecting the employment pool include automation, globalization, shifts from manufacturing to service industries, educational opportunities, and economic fluctuations, such as those caused by the Covid-19 pandemic.
Step-by-step explanation:
Some factors contributing to changes in the employment pool include:
- Automation and digitalization which lead to a shift in the types of jobs available, as routine tasks become automated and new jobs emerge to develop, maintain, and manage new technologies.
- The force of globalization and increased competition from foreign producers has opened up greater opportunities for high-skilled workers and intensified competition for lower-skilled workers.
- The shift from manufacturing to service industries, as economies develop and the demand for services increases, leading to a decline in manufacturing jobs and a rise in service-related jobs.
Furthermore, other factors that can affect the employment pool are educational opportunities, demographic shifts, migration patterns, and economic fluctuations like recessions. For example, the Covid-19 pandemic has led to a recession that negatively impacts employability and income, potentially leaving a generation at a disadvantage.