Real Turkey Channel Presents:  Turkey’s Demographic Time Bomb

 

Contrary to common wisdom Turkey is a rapidly aging country.  It also has a very low retirement age and labor force participation ratio.  Thus, it is extremely important to reduce unemployment and build up the skill level of the in-school generation.  Even before Covid pandemic the government’s efforts in these regards have been dismal, with rising levels of “structural” (long-term) unemployment. The destruction of the service industry added to the woes, with the broad definition of unemployment soaring to 28% in July-August data. Young Turks are tired of an archaic and political education system, with up to 75% wanting to go abroad asap.  Low employment and the rapidly rising number of young retirees sows the seeds of a devastating Social Security Crisis, as well as regarding Turkey’s growth and human development.

Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.