Summary of Japan faces labor shortages and demographic crisis as elderly population hits record high
Summary of Japan faces labor shortages and demographic crisis as elderly population hits record high
Japan faces a significant demographic challenge as the older population continues to increase, leading to labor shortages and economic concerns. The country has taken steps to address this issue, including promoting higher birth rates and increasing immigration. However, the projected decline in the labor force by 2050 may require additional measures such as improving productivity through technology and investing in workers. Solutions need to go beyond immigration and include social and structural changes to sustain economic growth in the face of an aging population.
quoting nevent1q…53vaJapan faces labor shortages and demographic crisis as elderly population hits record high
Japan's number of people aged 65 and over has reached a record high, cementing it as the worlds most elderly country, according to government statistics.
https://www.cnbc.com/2024/09/18/japan-faces-demographic-crisis-as-elderly-count-hits-record-high-.html
Japan faces a significant demographic challenge as the older population continues to increase, leading to labor shortages and economic concerns. The country has taken steps to address this issue, including promoting higher birth rates and increasing immigration. However, the projected decline in the labor force by 2050 may require additional measures such as improving productivity through technology and investing in workers. Solutions need to go beyond immigration and include social and structural changes to sustain economic growth in the face of an aging population.