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Japan faces labor shortages and demographic crisis as elderly population hits record high

  • Government data released ahead of Japan’s “Respect for the Aged Day” showed that the country’s population aged 65 and over had risen to an all-time high of 36.25 million.
  • According to Robert Feldman, chief economist at Morgan Stanley MUFG Securities, the data fuels concerns about demographic shifts and a labor crunch in the country.
cygnus ,
@cygnus@lemmy.ca avatar

The Japanese will let the country wither before accepting immigrants. It’s a shame.

abigscaryhobo ,

The old in Japan have that problem. There have been other studies that have shown that you get people have significantly less problems with it. Japan has always been insular, but their politics and older age groups have always been more stagnant and less accepting.

Basically, don’t throw the whole country under the bus when it’s just the old farts that don’t want things to change.

cygnus ,
@cygnus@lemmy.ca avatar

That’s great, but until it translates into policy it’s purely academic.

gandalf_der_12te ,
@gandalf_der_12te@lemmy.blahaj.zone avatar

According to Robert Feldman, chief economist at Morgan Stanley MUFG Securities, the data fuels concerns about demographic shifts and a labor crunch in the country.

How the fuck is it his problem though? Is he personally interested in the well-being of Japanese people? No. Does he only care about maximizing his own profits? Yes.

MediaBiasFactChecker Bot ,

CNBC - News Source Context (Click to view Full Report)Information for CNBC:
> MBFC: Left-Center - Credibility: High - Factual Reporting: Mostly Factual - United States of America
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