The population of Bulgaria, Latvia, Poland, Romania, Croatia and Ukraine is declining. In some of these countries – at a drastic pace. And alongside this, the problem of labor shortages is also becoming more and more dramatic. According to the Vienna Institute for International Economic Studies (WiiW), by 2045, the above-mentioned countries may lose over 20 percent of their working population.
“There has never been such a thing in peaceful times,” said Wiiw expert Richard Griveson, quoted by DPA.
Less labor, higher wages
In Hungary, which is heavily dependent on exports, many companies complain of a lack of labor. For this country, which, …read more
Source: Novinite
