The World Economy Faces a Crisis of Disintegration as The Workforce Ages
The World Bank warned in March that the impact of an aging workforce on the global economy continues to intensify. In Japan and South Korea, due to the rapid increase in the proportion of the elderly population and the lack of a young labor force, the economic growth rate has been significantly dragged down. China, the United States, and many European countries are facing the problem of an increasing retirement population, but there is a shortage of a replaceable labor force.