Suppose that the "Millennial" generation values leisure more than past generations. We can expect a decrease in the labor supply as the Millennials enter their prime working ages.

Question

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If the Millennial generation values leisure more highly than previous generations, they may choose to work fewer hours or not at all, preferring leisure time instead. This preference would lead to a decrease in the labor supply as they enter their prime working ages.

Suppose That the "Millennial" Generation Values Leisure More Than Past