What are the recent trends in the labour supply that fluctuates with demographic, economic and societal conditions? Explain with the help of examples how collective bargaining in private sector is different from public sector. 

Recent Trends in Labour Supply:

The labour supply is subject to fluctuations based on various demographic, economic, and societal factors. Here are some of the recent trends in the labour supply:

1. Demographic changes: An aging population is one of the significant demographic factors that affect the labour supply. As people age, they tend to retire, which reduces the supply of labour. Similarly, the declining birth rate in developed countries has resulted in a shrinking workforce.

2. Technological advances: Automation and artificial intelligence have significantly impacted the labour supply in recent years. As machines replace human workers, the demand for labour decreases, _________ _______ _______ ________ _________.
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