Japans workforce on the brink of collapse

Japan’s aging population crisis is intensifying, with 36 million individuals (29.3% of the population) now over 65 years old, setting a new record. Projections indicate that by 2040, this figure could escalate to 34.8%.
The labor market is shrinking, with forecasts suggesting a potential loss of 20 million workers by 2050. Currently, over half of Japanese companies struggle with staffing, unable to fill positions.
In response, Japan is increasingly turning to immigration as a solution, having employed a record 2 million foreign workers in 2024, with intentions to recruit an additional 800,000 over the next five years.
Source: ZeroHedge