Japan’s Labor Crisis: 1 Million Foreign Workers Needed By 2040
Allwork
JULY 5, 2024
Japan is on its way to facing a skilled labor crisis that will severely impact the country’s entire workforce in the upcoming decades. A state-backed think tank has projected that the country will face a labor shortage of nearly one million foreign workers by 2040 due to an aging population and significantly low birthrates. Foreign skilled workers are expected to play a large part in filling this vast labor shortage.
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