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14min chapter
Analyzing Economies: USA, China, Japan, Russia, India, Korea, and more
"Econ 102" with Noah Smith and Erik Torenberg
The Aging Workforce and Demographic Challenges in China and Japan
The chapter delves into the implications of China's Generation X retirement on workforce dynamics, productivity, and management positions. It discusses strategies to address labor force issues, debunking the idea of further urbanization and emphasizing the importance of older individuals working longer. Additionally, the chapter compares economic approaches in Japan and China, highlighting challenges faced by Japanese corporate culture and the need for diversifying supply chains away from China.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode