Russia could face a labor shortage of nearly 11 million people by 2030, its labor minister said.

 

Birth rates have plummeted, and labor shortages have worsened because of the war in Ukraine.

The demographic crisis is threatening the country's long-term economic stability.

Russia is staring down a long-term economic threat that could outlast both the war in Ukraine and Western sanctions: a deepening demographic crisis.

On Tuesday, Labor Minister Anton Kotyakov underscored the scale of the problem during a meeting with President Vladimir Putin.

"Today, according to our estimates, by 2030 we need to involve 10.9 million people in the economy," Kotyakov told Putin, according to a post from the Kremlin.

Kotyakov said the number is required to replace 10.1 million people who will reach retirement age, and 800,000 new jobs.

Kotyakov warned that if productivity growth falls short of the assumptions built into the current forecast, there could be "an additional shortage of personnel."

The remarks came during a Kremlin meeting focused on demographics and healthcare. Members of Putin's cabinet discussed efforts to boost birth rates, including financial incentives like cash payouts and tax breaks for large families.

Putin has made population growth a national priority, calling

 

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Imagine then what the future looks like for Ukraine.

http://Kids and oaps.     https://www.express.co.uk/news/world/2082607/russian-economy-meltdown-teenagers-pensioners-working/amp