Summary
The times’ change brings along the demographical shifts of ageing populations which contribute towards older workers that directly induce the labour market dynamics.
Older workers may have different skills and competencies compare than younger worker. Individuals of all ages can possess a wide range of skills and competencies, and it’s important to assess each workers unique strengths and weaknesses.
An ageing population can also lead to an increase in labour productivity. As people age, they often become more experienced and knowledgeable in their field, leading to increased efficiency and productivity.
To cope with the challenges of ageing population, this policy recommends the government focuses its attention on labour market policies through the empowerment of older workers by providing equal work incentives, opportunities, and regulations in the labour market.To cope with the challenges of ageing population, this policy recommends the government focuses its attention on labour marke policies through the empowerment of older workers by providing equal work incentives, opportunities, and regulations in the labour market.
