Additionally, Thailand is expected to encounter some challenges, brought about by its currently changing demographic structure, which will have impacts on living standards, economic potential, and various social aspects. Given the current demographic profile, Thailand is expected to become an aged society in 2021, the final year of implementation of the Twelfth Plan, with 19.8 percent of elderly people to total population. The nation's working age population reached its peak in 2014 and will be on a path of steady decline thereafter, possibly leading to severe labor shortage problems, which can be further intensified if the existing seemingly low labor productivity problem is not adequately tackled, due to a number of factors, including low quality workforce, delayed technological development, and administrative problems
Additionally, Thailand is expected to encounter some challenges, brought about by its currently changing demographic structure, which will have impacts on living standards, economic potential, and various social aspects. Given the current demographic profile, Thailand is expected to become an aged society in 2021, the final year of implementation of the Twelfth Plan, with 19.8 percent of elderly people to total population. The nation's working age population reached its peak in 2014 and will be on a path of steady decline thereafter, possibly leading to severe labor shortage problems, which can be further intensified if the existing seemingly low labor productivity problem is not adequately tackled, due to a number of factors, including low quality workforce, delayed technological development, and administrative problems
['Older persons']