Japan’s workforce is shrinking (Big time!)
When I read this article in BBC News, I wondered the likelihood of this happening in the states. (I doubt it, still it makes for an interesting thought.) Share your thoughts with me?
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Japan’s working population will shrink by more than a third by 2050, according to an annual government report.
The country currently has 66m people in work, but officials say the figure will slump to 42m in coming decades.
The report blames the fall on declining birth rates and an ageing population, but it also highlights a failure to get women and elderly people into work.
The document says allowances and benefits should be improved to make it easier for workers to raise children.
Society-wide issue
The Tokyo government publishes its assessment of future trends in the labour force every year.
This year the report expresses concern that those in employment in the middle of the century will have to work harder and longer, as there will be fewer of them.
So this year’s report for the first time includes targets to try to help emphasise a healthy work-life balance.
Akira Imai, a senior official responsible for tackling declining birthrates, said the report marked a change in the government’s attitude.
“The government had previously left the task of promoting a better work-life balance to individual companies, but we determined that society as a whole needs to tackle the issue.”
One out of every 10 Japanese employees works more than 60 hours a week. The government says it wants to halve that, although it does not say much about how this will be achieved.
To help address the low birth rate, it wants more male workers to take childcare leave.
And it says Japan should urgently build a framework of family allowances and other benefits to make it easier for workers to marry, to have children and to raise them properly.
Story from BBC NEWS:
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Hi Jim,
I only know what I read but apparently the US is the only first world country not suffering from this phenomenon. This is because the birth rate is still comfortably above the replacement rate (2 per couple) in the US, plus it has significant volumes of legal (and illegal) immigration.
Japan, on the other hand, is the most extreme case of a broader issue facing European and other first world economies of drastically declining birth rates and low levels of immigration leading to flattening and soon declining populations.
So, in short, it would seem that this will not be happening in the US in our lifetimes.
The Talent Fanatic
http://www.talentfanatic.typepad.com