Pension wave in 2029
But where have all the workers gone? “The main reason is of course demographic change, to which too little has been responded to so far,” explains Kathan. He uses two examples to explain how dramatic the situation is or will become. “If I compare the number of those who were born in 1957 and are retiring this year with the 20-year-olds who are entering the workforce today, there is already a difference of minus 15 percent in births.”
