Zürich Faces Workforce Shortage Amid Growing Population
The canton of Zürich is grappling with a potential workforce shortage as more individuals retire than are entering the job market. A recent economic monitoring report reveals that by the 2040s, there will be significantly more seniors than young workers, exacerbated by declining birth rates and an aging population. Despite the possibility of immigration to mitigate the shortage, projections indicate that it may not be sufficient. Economic officials are emphasizing the need for strategies to enhance domestic labor potential and productivity.