The ageing workforce in Australia: Flipping the age pyramid

Interesting analysis of the ageing workforce in Australia in this article and how to respond to ‘flipping the age pyramid’. This is a reference to how greater longevity and lower birth rates are  reversing the traditional shape of the population ‘with a broad, youthful base and a small, elderly top’ in many developed countries.

The author suggests that ‘attacking age discrimination, up-skilling older workers and legislating so that workers pay more superannuation’ are possible ways to tackle the challenge. It is also suggested that Australia has a competitive advantage over many European countries with similar ageing workforce profiles but with much higher levels of domestic debt.