Part 7/14:
Many Western nations have turned to immigration to counteract workforce shortages, but this is not a sustainable or easy solution. Political resistance, rising nationalist sentiments, and integration challenges complicate large-scale migration strategies.
Economic Implications: From Capital to Labour Power
Shifts in Market Dynamics
Decades of globalization and corporate strategies have depended on a growing labor supply to keep wages low and profits high. As populations decline, industries face rising labor costs, pushing wages upward, especially in countries like Japan where shortages are acute.