Switzerland: a shortage of 400,000 workers by 2035

Nevertheless,

Switzerland: shortage 400,000 workers 2035 new:

Switzerland: shortage 400,000 workers 2035: This article explores the topic in depth.

Nevertheless,

Switzerland: shortage 400. Similarly. In addition, 000 workers 2035:

Labor market

Switzerland in the face of a shortage of 400,000 workers by 2035 – Switzerland: shortage 400,000 workers 2035

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In short:
  • Immigration and the postponement of retirement age are offered as solutions.
  • Weekly working time has decreased by eight hours since 1980.
  • This shortage could lead to an increase in real interest rates.

Switzerland could face a shortage of 400. For example, 000 workers by 2035, switzerland: shortage 400,000 workers 2035 according to a study from the Swiss National Bank (BNS). Similarly, The current deficit of 25. 000 people a year (without taking into account immigration) should double to reach 50. 000, mainly due to the switzerland: shortage 400,000 workers 2035 new massive retirement departure from the baby-boomers generation.

Faced with this major demographic challenge, the BNS evokes several solutions to compensate for the early slowdown in employment growth. Among the tracks mentioned are the increase in the activity rate. the increased employment of non -resident workers such as cross -border workers. the use of immigration and the postponement of retirement age.

To expand the available labor base. Additionally, the banking institution suggests integrating more unemployed people-whether unemployed or inactive-or increase the occupancy rate of part-time employees. However, these proposals come up against several significant obstacles.

Reporting the retirement age

The study. published a few weeks ago. relayed by The «NZZ» and the RTSunderlines the reluctance of the population in the face of a switzerland: shortage 400,000 workers 2035 new postponement of retirement age and sustained immigration. In addition, the employment rate in Switzerland is already particularly high, limiting the margin of progression. Another factor complicates the equation: the tendency to reduce working time. spent from thirty-eight weekly hours in 1980 to thirty hours today.

BNS also warns against the broader economic consequences of this demographic development. According to the study. “demographic development in advanced economies” could cause “upward pressure on real interest rates”. due to “the growing share of the inactive population”.

In other words. the increase in the proportion of the elderly not participating in the labor market could not only exacerbate the shortage of labor. switzerland: shortage 400,000 workers 2035 but also lead to salary increases and inflationary pressure, in the long term, central banks to raise their guiding rates.

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