While consumer buying patterns will change as populations age, Kishore Kulkarni believes targeted career training and productivity gains through technology could offset the decline in workers.
It is a misalignment of demand rather than a total and a drastic change in the demand. And it is a challenge which we can easily accept and tackle as it comes to us, he said.
Kulkarni adds that aging will be less of a challenge in countries where elders are seen as assets rather than liabilities. But nearly all the experts say young workers, in the future, will work longer and retire later than seniors today.
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