The number of workers aged 15 to 65 will stop increasing in about 20 years as the population ages, and relevant government agencies have begun reviewing the current retirement and pension systems to tackle the demographic changes.
According to the Council for Economic Planning and Development (CEPD), the number of Taiwanese workers is estimated to begin posting zero growth in 2024 or 2025.
It is an urgent need for the government to begin start dealing with a foreseeable labor shortage arising from an aging population amid declining birth rates, CEPD officials said.
To serve that end, the CEPD is planning to take measures to increase the nation's labor force participation rate, lift the current retirement age limit and modify the pension system, officials said.
To offset a continuously falling birth rate, the CEPD is considering luring manpower and labor through enhanced international exchanges, such as easing regulations on immigration to meet domestic demand for workers, officials said.
Citing a UN report that serves as a reference for the CEPD as it reviews Taiwan's population policy, they said that knowledge-based economies and international migration will be the world's major trends in the future.
As Taiwan is bracing for more foreign brides from China and Southeast Asian countries, the UN report is of great help to the government in terms of immigrants' affairs and protection, they said.
However, they also said that international migration is not a panacea for a country with an aging population due to the many contentious issues that may arise.
According to the report, in 2002, as much as US$130 billion in remittances were carried by international migrants to their host countries, some US$79 billion of which was remitted to developing countries, they noted, adding that migrants also sent home money in remittances.
FAMILY FEUD: Weng Jen-hsien, who was convicted of killing six people in 2016, was the second prisoner to be executed since President Tsai Ing-wen took office A death row inmate was executed on Wednesday, less than a year after he was convicted of killing six people by setting fire to his home. Minister of Justice Tsai Ching-hsiang (蔡清祥) said that he signed the order and the death sentence was carried out on Wednesday afternoon in New Taipei City. The Supreme Court on July 10 last year sentenced 53-year-old Weng Jen-hsien (翁仁賢) to death after he was convicted of killing his parents, niece, nephew and nephew’s wife and his parents’ caregivers. Weng set fire to his home in Taoyuan’s Longtan District (龍潭) on Feb. 7, 2016, after a family feud
HOME AWAY FROM HOME: The central government is offering subsidies to hotels to house people who have been ordered to undergo 14-day home quarantine Minister of Health and Welfare Chen Shih-chung (陳時中) yesterday elaborated on the rules for “social distancing” and said that the government is providing subsidies to encourage more hotels to become quarantine hotels. Chen on Tuesday urged the public to practice social distancing by keeping at least 1m apart outdoors and 1.5m apart indoors. If maintaining such distances is not possible due to confined or crowded spaces, then everyone should wear a mask, Chen yesterday told a daily news briefing at the Central Epidemic Command Center (CECC) in Taipei. The center also suggested that people avoid exhibitions, sports events, concerts and other social
STRENGTH IN UNITY: The Executive Yuan respects KMT legislators’ viewpoints, but has no comment on calls for the premier to step down, spokeswoman Kolas Yotaka said The Chinese Nationalist Party (KMT) caucus yesterday accused Premier Su Tseng-chang (蘇貞昌) of treating the Legislative Yuan with disdain and demanded that he apologize or step down for saying that KMT Legislator Chen Yu-jen (陳玉珍) is unfit for her job. Prior to a question-and-answer session at the legislature on Tuesday, Su was asked by reporters to comment on Chen’s remark on Monday that Taiwan is not a country. “Then she is not qualified to be a lawmaker,” the premier said. Chen made the remark during a question-and-answer session with Mainland Affairs Council Minister Chen Ming-tong (陳明通), when she asked him about his view
At a campground in Nantou County, a team of women are using ropes to shimmy up a towering seven-story tall Chinaberry tree, fighting their fear of heights and reconnecting with nature. Tree climbing remains somewhat niche in Taiwan, but a growing number of women are embracing the challenge thanks to the island’s first international certified female climber arborist. Sylvia Hsu (許芢涵), 26, said she was inspired to set up her own women-only tree climbing classes after seeing the popularity of similar gatherings in Europe. “A women-only camp is a more relaxed environment,” she said. “I was hooked on trees after my first climb...