Italy’s workforce is going to lose
over six million people who are set to retire in the next
decade, as the nation’s population continues to rapidly age,
Natale Forlani, the president of National Institute for the
Analysis of Public Policy (INAPP), said on Tuesday.
“In just 10 years, about 6.1 million Italians will exit the
labour market,” Forlani told a hearing of the parliamentary
commission of inquiry into the demographic transition
“It’s a generational exodus that risks leaving the country
without replacement workers and putting the resilience of
welfare system into crisis.”
He said that working-age population (20-64) will will shrink by
34% by 2060, with inevitable consequences for economic growth,
welfare and the sustainability of public spending.
Forlani said this meant policies to regenerate the working
population and make social spending sustainable were urgently
needed, stressing that lifting the retirement age cannot be the
solution on its own.
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