Workforce

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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.