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20.500.12592/63xsq3x

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29 Jan 2024

Employment Situation of Middle-aged and Elderly Persons in the ROC According to the data from the Statistics Office of the Ministry of Labor, the number of middle- aged and elderly labor force over the age of 45 was 4.795 million in 2020, which was an increase of 66,000 or 1.4% over 2019. [...] In addition, the ROK government also encourages enterprises to implement a “salary decline system.” Through negotiations between the employer and the employee, the employer reduces the burden on the employer by reducing the salary or shortening the working hours of the employee year by year before retirement; and promotes the employment stability of middle-aged and elderly people. [...] At the same time, the government subsidizes part of the difference before and after the reduction of labor wages to support the protection of the rights and interests of middle- aged and elderly laborers [9]. [...] In addition to paying attention to the impact of digital technology development on middle-aged and elderly workers, based on the experience of other countries, the ROC can also strengthen the employment of middle-aged and elderly persons, including the planning and promotion of the measures discussed below. [...] The policy makers and Government of Pakistan should consider digitalizing and amplifying the role of capital in the national income to compensate for the adverse effect of aging population in the long run.
Pages
64
Published in
Japan