A United Nations report emphasizes the importance of education and social safety nets for Asia's economic growth and aging population. The report highlights the need for labor migration in East Asian countries to address workforce challenges, suggesting a shift towards taxing labor. This shift could lead to reciprocal demands and the necessity for better education, training, and social safety nets to ensure income growth and social equity in the region.
As economies in Asia and the Pacific slow and grow older, countries need to do more to ensure that workers get the education, training and social safety nets needed to raise incomes and ensure social equity, a United Nations report said Tuesday. https://t.co/Rm3mIw4jtA
Asia needs better education and social safety nets to grow rich as aging and AI threaten livelihoods, UN says. https://t.co/jAZYJszj8Q
UN report: education and social safety nets crucial for Asia's economic growth and aging population https://t.co/rAe67uGBX4 https://t.co/Cf3JrdqVfN
UN report says that education, social safety nets vital for Asia to grow rich, cope with aging https://t.co/LrMpPy9Kn9
East Asian countries will use labor migration to cope with aging populace and shrinking workforce but cannot replicate the Gulf Arab model which is dependent on oil revenue obviating the need for taxes. East Asia will need to tax labor and this opens door to reciprocal demands. https://t.co/0H3uk2hYU6