New York Times (September 24)
Germany is attempting to woo “Indian workers spooked by U.S. visa changes,” as the European nation confronts a growing labor shortage. “Every fifth citizen…is now older than 67, and the country’s baby boomers…are beginning to retire.” Currently, there are an estimated 387,000 unfilled jobs, mainly in technology, and “that number is expected to more than double in the next two years.” The unfilled jobs also mean “there are not enough young workers making payments into the social system to support it.”
Tags: Baby boomers, Confronts, Germany, Indian, Labor shortage, Payments, Retire, Social system, Spooked, Technology, U.S., Unfilled jobs, Visa changes, Woo, Workers
The Economist (November 17)
“More than half of Japanese babies can expect to live to 100.” This blessing presents Japan with a tremendous challenge “to stay solvent as it turns silver.” Among the G7, Japan now has the highest “share of over-65s in work,” but this not enough. “If Japanese people are going to live to 100 they will have to retire much later than 70.”
Chicago Tribune (August 8)
“For Japan, where there’s such pressure to maintain things the way they are, the decision to retire is even bigger. This has the making of an unmistakably modern moment: trying something new, even if it feels uncomfortable. Japan should thank Emperor Akihito for his unexpected decision and wish him a long, happy retirement.”
Tags: Decision, Emperor Akihito, Japan, New, Pressure, Retire, Uncomfortable, Unexpected
