Workers Wanted, Worldwide

Strategies to Succeed in the Global Demographic Drought

Global Demographic Drought

Data-driven strategies to compete for talent around the world

In our two previous reports, we dove into the current state of the US labor market. Now, we’re zooming out to address the state of populations and talent pools worldwide. What started as a talent shortage in a few countries will continue to devolve into an outright shortage of workers across the globe.

Three factors will shape the future global labor supply

An aging population is happening everywhere, but at a different pace.

Through 2040, growth in the working-age population is expected to slow in eight out of 10 countries globally, and outright shrink in three out of 10.

Falling immigration will further squeeze the labor supply in more developed economies.

Net migration is projected to slow in nearly 60% of developed economies over the next 20 years.

Higher workforce participation can partially offset an overall decline in working-age people.

Over the last decade, labor force participation has outpaced working age population growth in four out of 10 countries.

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Strategies to Succeed in the Global Demographic Drought

How will you respond to the global demographic drought?

Faster-than-expected demographic shifts pose extraordinary risks—and opportunities—for governments and employers. Our global workforce is more important than ever, and with the right strategies, you can succeed.
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Catch up on what you missed

Read the original reports

The Demographic Drought: Bridging the Gap in our Labor Force

In the second report of the series, we addressed the current state of the US labor force, made predictions for 2022, and suggested two opportunities for increasing the labor force participation rate.

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The Demographic Drought: The Approaching Labor Shortage

In our original report, we explored how the approaching labor shortages would transform the labor market forever. We approached the conversation by analyzing past, present, and future workforces.

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