A Change in Human Resources Can Have a Major Impact on Businesses and Our Daily Lives. List Two Demographic Changes That Will Occur in the Future. Provide an Example for Each Change, and Describe How These Changes Will

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A change in human resources can have a major impact on businesses and our daily lives. List two demographic changes that will occur in the future. Provide an example for each change, and describe how these changes will transform American business and affect the American workforce. Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. There are many possible demographic changes that will occur in the future, but there are two very obvious changes are “Diversity” and “Aging”. These two demographic changes are transforming American business into different strategy and effect the American in many ways in the near coming future. Diversity is a very proud term representing the United States as a melting pot containing many different races in a country. As Caucasians always is the biggest group of the population, but the other difference races has been growing fast such as Hispanic and Asian and these two groups will grow twice as many by 2050 (Kelly & McGowan, 2012 p.12). Diversity change will shift way of living, spending, working style from location to location depend on the change. The changes would impact the investment direction of companies because location, race, living style, spending habit and power of work force. Therefore, companies would have to recalculate on their future investment strategy. Aging is an issue not just in America, but in the whole world. It means there will be more retired older people and the working population will shrink (Kelly & McGowan, 2012 p.12). Because aging is growing in the world population that will benefit the fields that service the elderly such as health care, pharmaceutical and any fields relate to

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