The Czech Republic lost 385,000 people of working age due to aging between 2011-2017. Between 2010-2015, a net of 8,000 people emigrated from the country annually . And between 2012-2017, companies increased the number of occupied jobs by 346,000.

As Weston Stacey, Executive Director of the American Chamber of Commerce in the Czech Republic said earlier in summer, we need to attract companies with a good track record in profitably commercializing research to invest capital and knowledge into our universities in areas of research that have a high potential to produce key technologies for global products. We need a lot of private sector capital quick. We also need a sufficient number of companies that can convert that capital rapidly and a high rate of success into premium products sold through a global distribution network.The government should ask five questions: how essential is the product driven by this technology in your industry? how much will you invest in the technological infrastructure of our universities? how many of your engineers and scientists will work in our university laboratories and classrooms and for how long? Will you develop and produce all of the technology in the Czech Republic? And how certain are your global sales of the product if you can get it produced?

View some data on Czech labor market in our latest factsheet.