The shrinking population could result in a severe labor shortage by the end of the decade, Dmitry Chernyshenko has warned A “terrible” demographic crisis is looming over Russia and could result in an acute labor shortage of up to 2.4 million workers by 2030, Deputy Prime Minister Dmitry Chernyshenko has warned. Speaking on Friday at a business breakfast discussion on the sidelines of the St. Petersburg International Economic Forum (SPIEF), Chernyshenko said the shrinking population and rising pressure on increasingly scarce workers now pose a serious challenge for Russia’s economy. “We are facing a terrible d
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