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> With that out of the way, I’m puzzled by the premise of the article. How do countries become unable to satisfy local demand through local supply? The baby-bo
by aga98mtl 5y ago
> With that out of the way, I’m puzzled by the premise of the article. How do countries become unable to satisfy local demand through local supply?
The baby-boomer* generation is much bigger than other generation. Their retirement is not met with the same amount of young worker coming into the job market. Businesses need to produce just as much if not more as before. So basically we need to import the kids we did not have 20 to 30 years ago to maintain the same amount of workers. The same thing is happening in many developed countries.
* Germany's baby-boomers are younger than the one in the USA or Canada
https://www.populationpyramid.net/germany/2019/ https://www.populationpyramid.net/germany/2019/
- yobbo 5y ago> Their retirement is not met with the same amount of young worker At retirement age, no one is active in IT at that level. For many decades, IT/engineering has been a bad career choice, and this perception has become part of the culture value system.