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Labor Shortage

All articles tagged with #labor shortage

Japan Retroactively Raises Permanent Residency Income Bar to National Average
policy8 days ago

Japan Retroactively Raises Permanent Residency Income Bar to National Average

Japan’s government announced new permanent residency guidelines on October 1, 2026, significantly raising income requirements for foreign applicants. The new rules mandate that applicants earn above the national average income for Japanese citizens, a threshold of approximately 4.5 million yen for individuals or 5.8 million yen for households. This represents a 50% increase from the previous baseline of 3 million yen. Crucially, the government stated that these higher income standards apply retroactively to applications filed as early as April 2026. Additionally, from April 2027, foreign spouses of Japanese citizens will need to have lived in Japan for three years and been married for five years, up from one and three years respectively. Non-spouse applicants must still reside in Japan for 10 years, but will face new pension benefit requirements equivalent to 30 years of contributions. These measures coincide with a 20-fold increase in residency fees and stricter language requirements, reflecting a broader crackdown on immigration despite ongoing labor shortages.

Japan Slaps 20x Fee Hike on Permanent Residency Amid Labor Shortage Paradox
world10 days ago

Japan Slaps 20x Fee Hike on Permanent Residency Amid Labor Shortage Paradox

Japan has implemented a 20-fold increase in permanent residency fees, raising the cost to 200,000 yen ($1,270), alongside stricter income, pension, and language requirements. These measures, part of Prime Minister Sanae Takaichi’s broader immigration crackdown, aim to address public anxiety over a rapidly growing foreign population, even as the country faces severe labor shortages.

Chipmakers warn of looming labor crunch as US fabs ramp up
technology23 days ago

Chipmakers warn of looming labor crunch as US fabs ramp up

US chipmakers warn of a looming shortage of up to 157,000 semiconductor workers by 2030, threatening the rapid build-out of domestic fabs. Samsung, Micron and others are expanding U.S. plants (Texas, Idaho, New York, Indiana) and even moving staff from Asia to kick off production, while competition for talent abroad remains fierce. Long-term solutions focus on domestic pipelines through universities (Purdue, ASU) and CHIPS Act funding, with wages rising to attract skilled workers as the industry seeks to power AI's chip demand.

Industry warns immigration crackdown could worsen labor shortages
business2 months ago

Industry warns immigration crackdown could worsen labor shortages

Industry groups across construction, agriculture, and other sectors say the intensified immigration crackdown, including ending TPS protections for hundreds of thousands of workers, is threatening labor supply, potentially raising costs and slowing housing and the broader economy. They’re lobbying DHS, Labor, Agriculture, and the White House for policy fixes and visa-program reforms, while internal debates over enforcement versus economic needs continue.

Russia’s labor drought deepens as central bank chief flags 2.5 million missing workers
economy5 months ago

Russia’s labor drought deepens as central bank chief flags 2.5 million missing workers

Russia faces an unprecedented labor shortage after FinExpertiza data show the labor reserve shrinking by about 2.5 million since the 2022 invasion, a figure Bank of Russia chair Elvira Nabiullina publicly confirmed. The shrinking pool is driving wage pressures while industry cuts and lower production persist, as emigration and demographic decline deepen the squeeze. In response, the state is leaning on automation, retraining, and the gig/self‑employment push, but analysts warn that without sustained productivity growth of around 3–4% annually the gap will widen.

Walmart Employee Boosts Pay by Joining Skilled Trades Program
business9 months ago

Walmart Employee Boosts Pay by Joining Skilled Trades Program

Walmart has revamped its training program to address the growing shortage of skilled tradespeople, enabling employees like Liz Cardenas to significantly increase their pay and responsibilities, which highlights the broader industry challenge of labor shortages in trades due to retirements and immigration issues. The initiative aims to attract more workers into technical roles, crucial for maintaining operations and reducing costly downtimes, with plans to train 4,000 workers by 2030.

Ford CEO Warns of 5,000 Skilled Mechanic Jobs Unfilled Amid Labor Shortage
business11 months ago

Ford CEO Warns of 5,000 Skilled Mechanic Jobs Unfilled Amid Labor Shortage

Ford CEO Jim Farley highlights a significant labor shortage in manual trades, with 5,000 open mechanic positions offering high salaries, reflecting a broader national issue of skilled labor shortages due to inadequate training and education. He emphasizes the need for more investment in trade schools to address the crisis and support the country's manufacturing and economic future.