Korea’s shifting demographics sells tall pressures, maybe not least for the future of one’s Korean benefit. OECD projections suggest that, on the latest manner, the total measurements of new Korean labor force is decided to help you refuse because of the in the dos.5 billion pros over the next few , so you’re able to an estimated 25.0 billion during the 2040 (Contour 2.7). This may enjoys significant implications for economic performance. The combination regarding a diminishing labour push and you will an ageing society will also set considerable pressure towards the societal profit, while the interest in regulators spending on medical care and you will retirement benefits increases as readily available staff members refuses.

But not, luckily for us one to, in its highly educated female society, Korea possess a talented and you may currently below-made use of set aside out-of labor. OECD projections suggest the new asked decline in how big the new Korea labor push along side next couple of age would-be over offset because of the improving women’s labor push involvement on the part where they matches men’s room contribution by 2040 (Shape dos.7). Additionally, because the young Korean women are therefore acutely well qualified, delivering a great deal more feminine on the work force perform let boost operating degrees of person investment, therefore, possibly operating returns progress and you will boosting financial show.

Shape 2.seven. Closing the fresh gender contribution gap you are going to decrease new looming reduction in the dimensions of the new Korean labour push

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