Another Worrying Sign For Russia’s Dire Demographics
800,000 People A Year Leaving Work Force Over Next Decade
Many advanced economies are wondering how breakthroughs in technology could leave whole swaths of the population unemployed, but in Russia the government is pondering how to fill jobs with a dramatically shrinking work force.
Economy Minister Maksim Oreshkin this week called Russia’s demographic situation “one of the most difficult in the world,” saying that in the next five to six years “we are going to lose approximately 800,000 working-age people from the demographic structure every year…”
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