Check out this article written by McKinsey & Company analyzing the labor supply & demand in the midst of one of the most prominent talent shortage crises our world has seen.
Here are some of the hurdles the global economy could face by the year 2020:
- 38 million to 40 million fewer workers with tertiary education (college or postgraduate degrees) than employers will need, or 13 percent of the demand for such workers
- 45 million too few workers with secondary education in developing economies, or 15 percent of the demand for such workers
- 90 million to 95 million more low-skill workers (those without college training in advanced economies or without even secondary education in developing economies) than employers will need, or 11 percent oversupply of such workers
Click the button to read the full article from mckinsey.com and listen to an accompanying podcast