Russia Faces Deep Labor Shortage Due to Demographics

Russia might lose almost 11 million workers by 2030, Russian Labor Minister Anton Kotyakov said in describing a deepening demographic crisis that could threaten the country’s economy in the long run, Business Insider reported on Tuesday.

While births last year in Russia fell to their lowest level since 1999, deaths have increased. In addition, the war in Ukraine has exacerbated labor shortages, with injuries and deaths on the battlefield cutting into the population of those of working age and younger, as well as educated professionals leaving the country.

Kotyakov emphasized the scale of the problem in a meeting at the Kremlin with Russian President Vladimir Putin, warning that if productivity growth falls short of the assumptions built into the current forecast, there could be “an additional shortage of personnel.”

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