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Global Labor Market Outlook 2018
Report

Global Labor Market Outlook 2018

Finding Ways to Counteract Worker Shortages

Gad Levanon, Ilaria Maselli and Frank Steemers
The Conference Board, 2018
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Editorial Rating

8

Qualities

  • Analytical
  • Overview
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Recommendation

In many economies, employers and employees are experiencing a new trend: a shrinking workforce that is significantly altering traditional labor supply and demand dynamics. Forecasters predict a dwindling labor pool through 2030, and that is influencing compensation, technology and workplace environments. In this in-depth analysis, economists Gad Levanon, Ilaria Maselli and Frank Steemers explore the trajectory of labor participation and its effects on people and economies in 2018 and beyond. getAbstract recommends this timely report to executives and policy experts interested in a meticulous examination of global labor ecosystems.

Take-Aways

  • Major countries around the world are experiencing a constriction of labor markets due to a lack of growth in the working-age population. 
  • In 2015, the ratio of people aged 60–64 to those aged 15–19 was highest in Russia, at 1.51, followed by Japan at 1.45. 
  • The decline of the labor force presents enormous difficulties for employers looking to grow their businesses in a global environment of robust economic expansion. 

About the Authors

Gad Levanon, Ilaria Maselli, and Frank Steemers are economists at the Conference Board.

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