Demographic changes and labour market

The growing proportion of the population aged over 65 has a significant upward effect on expenditure on pensions, health care, long-term care and other costs related to ageing. Population ageing requires, among other things, changes in the fields of social protection and employment, and appropriate policy responses in many other areas, such as adjusting the environment and services to the needs of older people. In addition to the increasing labour shortage, demographic trends also have a significant and growing impact on the labour market. The labour market plays a central role in determining economic and social progress. Its main macroeconomic indicators are employment, unemployment and wages, which are crucial for the well-being of the population.