Russia Faces Labor Shortage of 11 Million by 2030, Minister Says
Vladimir Putin has warned that Russia’s shrinking population threatens its political and economic future.
Source: BloombergRussia needs to find the equivalent of 2 million workers a year over the next five years to fill vacancies left by people who are due to retire, Labor Minister Anton Kotyakov told President Vladimir Putin at a meeting on Monday.
“By 2030 we need to bring 10.9 million people into the economy,” Kotyakov said at the televised meeting to discuss demographic policy. “Approximately 800,000 will be new jobs created, and about 10.1 million people will be those reaching retirement age.”