Singapore’s birth rate has hit rock bottom just 0.97 kids per woman, far below the 2.1 needed to sustain a population, Newsweek reported.
This demographic decline poses significant challenges, including an aging population, a shrinking labor force, and fewer workers to support a growing number of retirees.
By 2030, nearly one in four Singaporeans will be over the age of 65. The country’s support ratio measuring working adults per senior has fallen sharply from 6:1 in 2014 to just 4:1.
This trend highlights increasing pressures on the workforce and social support systems. To address the shortfall, the government is encouraging employers to hire more older workers.
In addition, robots are stepping in to fill labor gaps across industries, from manufacturing to food delivery.
Singapore currently has the world’s second-highest robot density, reflecting its commitment to leveraging technology to mitigate workforce challenges.
As Singapore grapples with these issues, balancing technological innovation with societal needs will be critical for its future stability.
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