Shortage of 500,000 Workers in Industry Within 16 Years: Minister of Economic Affairs Points to Service Industry for Importing from Abroad

Reported 11 months ago

Economic Affairs Minister Guo Zhixue mentioned during a press conference in Washington that Taiwan is facing a potential shortage of 500,000 workers in various industries by 2040, and the solution could involve importing foreign workers to fill the gap, especially in high-end manufacturing and service sectors. Guo is currently leading a delegation to the United States and discussed easing immigration and tax regulations to facilitate the influx of foreign talent. The goal is to attract foreign workers without affecting the local job market, as the demand for labor exceeds the growth rate of the domestic workforce.

Source: YAHOO

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