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.
In this summary, you will learn
- Why countries around the world are experiencing tightening labor pools,
- What options businesses have to meet the challenges of a shrinking workforce and
- What this environment means for employees.
About the Authors
Gad Levanon, Ilaria Maselli, and Frank Steemers are economists at the Conference Board.