Facing the Challenge of Low Birth Rates and Labor Shortages

Reported about 1 year ago

The Taiwan Institute of Economic Research points out that Taiwan is facing severe issues of low birth rates and an aging population, leading to a shortage of labor force in many industries. This is further complicated by a new generation of workers, such as Generation Z, who prioritize work-life balance and are shifting away from traditional work cultures. The institute suggests that companies need to recognize these challenges and provide better working conditions in order to attract and retain talent.

Source: YAHOO

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