McKinsey Global Institute’s Post

Labor market tightness remains a significant challenge in advanced economies, even after some loosening since 2022 peaks. This trend isn't just a pandemic effect but part of a long-term shift since 2010. With aging workforces and slowing population growth, advanced economies face future challenges. Without boosting productivity or increasing workforce participation, sustaining past economic growth rates will be challenging. To combat labor shortages, businesses will need to adopt new technologies, retrain workers, and expand hiring pools. New MGI research explores labor market trends in 30 advanced countries with particular focus on the eight largest: Australia, Canada, France, Germany, Italy, Japan, the UK, and the US. Read here: https://lnkd.in/eYyC5XNi

Labor market tightness remains a significant challenge in advanced economies, even after some loosening since 2022 peaks. This trend isn't just a pandemic effect but part of a long-term shift since 2010. With aging workforces and slowing population growth, advanced economies face future challenges. Without boosting productivity or increasing workforce participation, sustaining past economic growth rates will be challenging. To combat labor shortages, businesses will need to adopt new technologies, retrain workers, and expand hiring pools. New MGI research explores labor market trends in 30 advanced countries with particular focus on the eight largest: Australia, Canada, France, Germany, Italy, Japan, the UK, and the US. Read here: https://lnkd.in/e5X9bEqf

Labor market tightness remains a significant challenge in advanced economies, even after some loosening since 2022 peaks. This trend isn't just a pandemic effect but part of a long-term shift since 2010. With aging workforces and slowing population growth, advanced economies face future challenges. Without boosting productivity or increasing workforce participation, sustaining past economic growth rates will be challenging. To combat labor shortages, businesses will need to adopt new technologies, retrain workers, and expand hiring pools. New MGI research explores labor market trends in 30 advanced countries with particular focus on the eight largest: Australia, Canada, France, Germany, Italy, Japan, the UK, and the US. Read here: https://lnkd.in/enCvPEZw

Labor market tightness remains a significant challenge in advanced economies, even after some loosening since 2022 peaks. This trend isn't just a pandemic effect but part of a long-term shift since 2010. With aging workforces and slowing population growth, advanced economies face future challenges. Without boosting productivity or increasing workforce participation, sustaining past economic growth rates will be challenging. To combat labor shortages, businesses will need to adopt new technologies, retrain workers, and expand hiring pools. New MGI research explores labor market trends in 30 advanced countries with particular focus on the eight largest: Australia, Canada, France, Germany, Italy, Japan, the UK, and the US. Read here: https://lnkd.in/gkWtSRSa

Labor market tightness remains a significant challenge in advanced economies, even after some loosening since 2022 peaks. This trend isn't just a pandemic effect but part of a long-term shift since 2010. With aging workforces and slowing population growth, advanced economies face future challenges. Without boosting productivity or increasing workforce participation, sustaining past economic growth rates will be challenging. To combat labor shortages, businesses will need to adopt new technologies, retrain workers, and expand hiring pools. New MGI research explores labor market trends in 30 advanced countries with particular focus on the eight largest: Australia, Canada, France, Germany, Italy, Japan, the UK, and the US. Read here: https://lnkd.in/gAtENMuu

Labor market tightness remains a significant challenge in advanced economies, even after some loosening since 2022 peaks. This trend isn't just a pandemic effect but part of a long-term shift since 2010. With aging workforces and slowing population growth, advanced economies face future challenges. Without boosting productivity or increasing workforce participation, sustaining past economic growth rates will be challenging. To combat labor shortages, businesses will need to adopt new technologies, retrain workers, and expand hiring pools. New MGI research explores labor market trends in 30 advanced countries with particular focus on the eight largest: Australia, Canada, France, Germany, Italy, Japan, the UK, and the US. Read here: https://lnkd.in/dgvaPsJj

Labor market tightness remains a significant challenge in advanced economies, even after some loosening since 2022 peaks. This trend isn't just a pandemic effect but part of a long-term shift since 2010. With aging workforces and slowing population growth, advanced economies face future challenges. Without boosting productivity or increasing workforce participation, sustaining past economic growth rates will be challenging. To combat labor shortages, businesses will need to adopt new technologies, retrain workers, and expand hiring pools. New MGI research explores labor market trends in 30 advanced countries with particular focus on the eight largest: Australia, Canada, France, Germany, Italy, Japan, the UK, and the US. Read here: https://lnkd.in/gY6ms4MD

The market is volatile, inflation remains high, and there are significant political disruptions abroad and at home. So, what are some of the trends that will mold and influence the workforce as we navigate the uncharted waters of 2024? Read on to find out. #DEI #EmployeeRelations #EmployeeEngagement #EmployeeExperience #EmployeeSatisfaction #HumanResources