Reported about 9 hours ago
A recent Reuters survey highlights that two-thirds of Japanese companies are facing significant impacts from workforce shortages due to an aging and shrinking population. The labor shortages, particularly pronounced in non-manufacturing sectors and small businesses, have reached historic levels, with 66% of respondents indicating serious challenges. This trend has resulted in an increase in bankruptcies related to labor issues and has compelled firms to enhance recruitment and adjust retirement policies. As wages rise in response to these shortages, 44% of companies plan to increase prices for their products and services.
Source: YAHOO