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Ukraine may have staffing shortfall in 20 years

Ukraine may have staffing shortfall in 20 years
In 2035, Ukraine may have a staffing shortfall, as Ukrainians are an aging nation, author of the World Development Report 2013: Jobs Yesko Hentschel said during its presentation, ForUm correspondent reports.

"The level of the labor force decreases very rapidly. And a number of workers will be seriously reduced by 2035. The labor efficiency should be increased by 30% in order to keep the income level per capita," he noted.

In turn, expert and economist Oksana Kupets added that "a trend of aging motivates to improve the productivity of labor by an average of 0.36% annually, and this is necessary to avoid a drop in the living standards."