July 25, 2016
China raises retirement age as workforce set to fall by a quarter by 2050 0
A rapidly ageing workforce is not just a challenge for Western economies. The government of China, the world’s second largest economy, has announced that it expects its workforce to decline by nearly a quarter (23 percent) between now and 2050 as the population ages and more and more jobs are automated. The Government is now considering raising the retirement age from 59 to 65 ahead of an anticipated sharp decline in the numbers of people of working age after 2030, according to the Ministry of Human Resources and Social Security. A spokesman for the ministry forecast a fall of 211 million people of working age to 700 million by 2050. China’s demographic challenge is mirrored in many countries but has its own characteristics thanks to its strict and controversial decades-long ‘one child’ policy‘ which it lifted last year. The country now has 220 million people over the age of 60, accounting for over 16 percent of its total population at the same time that its previously stellar economic growth has shown signs of slowing.
June 24, 2016
Property and workplace experts have their say on the Brexit outcome 0
by Mark Eltringham • Architecture, Comment, Facilities management, Property, Workplace, Workplace design
Well, the results are in and the UK’s electorate has voted by a narrow margin for the country to leave the EU. There are likely to be other developments but whatever you make of the UK’s decision to vote to leave the EU – and I think it’s fair to say most independent people think it’s inexplicable – there’s no doubt that it will have a profound impact on the UK’s economy, relationship with the world, culture, working conditions and markets. What it will mean in practice won’t be apparent for months or years, of course, but that hasn’t stopped experts who work in the property, workplace, design, legal, HR and architecture sectors having their say on its potential implications. We’ll look at these specific issues in more detail going forward but for now, here’s a round-up of those we have so far, which we’ll keep updated throughout the day as the dust settles on what will prove to be a momentous decision for the UK, Europe and rest of the world.
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