According to the calculations of the study by Confebask and the three Basque employers, in order to maintain the current prosperity, it will take the next 30 years to grow the working population by 400,000 people.
The Basque employers have argued that: Euskadi needs a policy that promotes immigration because most of the working population will retire in 20 or 30 years, so there will be a problem of “great retirement”.
Confebask and the three territorial employers’ organizations held their joint annual event this Monday in Bilbao, recovering from the pandemic, which they have dedicated to “Basque companies meeting the demographic challenge”, in which they presented a study on the issue.
The general manager of Confebask, Eduardo Aretxaga, explained in the presentation of the report that: two in three workers are older than fortyindicating that “most of our workforce will retire in 20 or 30 years.”
According to the calculations of the study, in order to maintain the current prosperity it will be necessary to increase the working population (in the Basque Country one million people are affiliated to social security) by 400,000 people in the next 30 years: 237,000 to cover generational change and 177,000 to consolidate economic growth.
But if the goal is to restore the relative size of the Basque economy in the state, the workforce would need to be increased by another 140,000, the report describes.
In this context, the president of Confebask, Isabel Busto, has called for a “country strategy, a kind of ‘Basque Talent Strategy’, which we designed together and with which we can meet the challenge we face”.
According to him, the strategy should be based on two axes: on the one hand, providing the necessary assistance to promote birth rate and work-life balance; and on the other hand, “a specific immigration policy for employment that, of course, do not forget the solidarity with those who flee from us or seek refuge, but remember that we also need your talent”.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
