Czech Labour Market Could Face Shortage of up to 0.5mn People by 2045
5 Articles
5 Articles
The gap between the number of workers entering and leaving the Czech Republic will soon begin to widen. After 2030, roughly the same number of people will stop entering the workforce as they retire. In 2045, there will be a shortage of almost half a million people on the labor market. The shortage will slow economic growth and worsen public finances, according to an analysis by the consulting firm Moore Czech Republic.
The Czech market has been facing a fundamental problem for years: the supply of jobs is growing, but there is no one to fill them due to insufficient qualifications. This contradiction is all the more felt at a time when artificial intelligence tools are being introduced into companies and the working population is aging. Business representatives therefore addressed...
Prague - According to calculations by the Moore CR consulting group, the Czech labor market is facing a significant demographic shift. By 2045, the market will be short of almost half a million people. The gap between the number of young people and seniors will start to widen as early as 2033, according to an analysis provided by the group to ČTK. According to the group, this means a double hit to the budget for the state, as it will lose contri…
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