Looking overseas to solve Japan’s labor shortage

Misa Matsuzaki, CEO of WORK JAPAN Co., Ltd, speaking at G1 Global Conference 2019

Entrepreneur Misa Matsuzaki likes a good business challenge. The youngest female entrepreneur to publicly list a company on the Tokyo Stock Exchange aims to solve Japan’s labor shortfall through increased migration.

Firms struggle to fill vacant jobs due to a chronic labor shortage caused by the nation’s shrinking working-age population. There are 1.5 vacancies for every job applicant. The labor pinch will only intensify as the working population plummets in future years.

By 2030, 6.4 million workers in mainly blue-collar sectors, equal to nearly 10 percent of the working population, will exit the workforce. The government hopes to fill the gap with women and the elderly. But are they ready to do blue-collar jobs? ….. continue reading at The Japan Times.

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