Raising the retirement age could counteract shrinking workforce issues in China, giving the economy more time to adapt while potentially causing public discontent.
The proposal for raising the retirement age has sparked discussions among top lawmakers, reflecting the need to address China’s demographic challenges and economic sustainability.
Experts argue that increasing the retirement age might improve labor supply and stimulate economic and social vitality, allowing older workers to contribute effectively.
Despite potential drawbacks, officials are moving towards a gradual increase in retirement age, marking a significant policy change in China for the first time in 40 years.
Collection
[
|
...
]