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Can Thailand detonate the baby boom it needs as retirement time bomb looms?

Can Thailand detonate the baby boom it needs as retirement time bomb looms?

13 Sept 12:48 Key points summarised by AI
  • Thailand confronts a severe demographic crisis as its birthrate plummets and the elderly population rapidly expands, with retirees now outnumbering new workforce entrants for the first time.
  • This demographic shift threatens significant economic and social breakdown, including labor shortages, increased dependency ratios, and insufficient tax revenue to fund national development.
  • The government plans to address the crisis by introducing policies like family-friendly workplaces, expanded and subsidized childcare, extended maternity leave, and improved access to fertility services to encourage more births.
  • Experts and civil society advocate for additional measures, including improving general education quality to alleviate parental concerns and implementing a universal basic income for the elderly, potentially funded by a VAT increase, to ensure a better quality of life for all Thais.
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Economy 1/1
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