(Tiper Stock Exchange) – “To defend work, you have to create it. If you don’t create it, it’s difficult to defend it”. This was stated by the governor of the Bank of Italy, Ignatius Visco opening a workshop organized by the institution together with Istat, entitled “The long view: the demographic dividend in the analysis of the Italian economy”.
In Italy – he added – “It is crucial how we deal with the demographic question on the labor market“. The improvements in life expectancy and general health conditions in recent decades “surely lead us to conclude that it is possible to work well beyond the age of 65”, but the problem persists of market participation rates lower than the EU averages of young people and women.
“There is no doubt that strenuous jobs are reduced and that there is an ability to make the best use of technical progress. Even today we wonder whether perhaps” this progress, especially artificial intelligence “will take away our jobs. It is not never happened and it won’t happen this time either – said the governor – but it is clear that we live longer, that we live better and that we can better contribute to the progress of our society”. “However, it is above all necessary to push, to raise the participation rate of young people and women, who you know are both too low in European comparison. Too low in various sectors of our territory and in particular in the South“Visco said
Furthermore, to contain the negative effects on the labor market of the demographic dynamics in progress “it will not be possible to disregard an improvement in the migratory balance in the short and medium term”, continued Visco. In particular by trying to “definitely reduce the outflow, and possibly work to reverse it, of our compatriots who there have been 1 million in the last decade and many of them are young people”