The workforce crisis by 2030

In 2030, there will be more jobs than workers able to fill them in many of the world's largest economies, according to Boston Consulting Group senior partner Rainer Strack.

In his October 2014 TED Talk, Strack explained that the world is facing a labor shortage and skills mismatch. However, he said it's not too late to begin employee development and recruitment strategies that take a global perspective.

Part of the problem will be a surplus of low-skilled workers and a significant lack of high-skilled workers. The emergence of new technologies will simultaneously replace low-skilled jobs and create high-skilled ones.

BCG found that 60% of high-skilled workers are willing to work abroad, which can help lower the skill gap in certain countries.

Strack concluded that the current workforce trend is not sustainable. Companies and governments need to forecast which jobs need to be filled in the next 15 years; how they will bring more millennials, women, and retirees into high-skilled jobs; and how they'll adapt their corporate cultures to become a global destination for these employees.

What is the "workforce crisis" predicted by Rainer Strack? Do you agree or disagree with his prediction? Do Homework
How has the Japanese job market changed in recent years? Do Homework
How has technology changed the global job market? Do Homework
How can governments and businesses prepare for the looming workforce crisis? Do Homework