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Manpower giants such as China, India, Eastern Europe, and parts of South America are also grappling with critical talent shortages. Russia alone faces an estimated reduction of appx. 20 million working age people by 2030.3
The UN anticipates that China’s working-age population (those aged 15-59) will fall behind Vietnam’s in 2020 and lag behind India and Brazil in 2025.
Source: PwC’s 23rd Annual Global CEO Survey 2020