Rich Countries Need 380 Million More Workers By 2050
The solution is at once simple and politically challenging: in the coming decades, rich countries should open their borders to more workers from poorer countries. At a time of rising nativism and xenophobia, calling for increased immigration may be unpopular. To allay legitimate concerns about rapid cultural change, developed nations can borrow from existing models of migration—in particular, those of Canada, Singapore, and Persian Gulf countries—that meet the demands of labor markets without upsetting social cohesion. It will be difficult to convince publics to accept more migrants, but wealthy countries don’t have much of a choice. If they can’t attract more workers from elsewhere, they will face demographic disaster.