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Getting Ahead of the Global Workforce Crisis

Mar 7, 2018 6 MIN. READ
As emerging technologies replace low-skilled workers, the need for high-skilled ones will increase dramatically — are we ready to fill the gap?
Barbara Smith
Barbara Smith
Senior Technical Specialist
Senior Technical Specialist

Ranier Strack, an international human resources expert for a global business firm, recently predicted a significant decline in the supply of talent, worldwide. Over the course of a TED Talk on the issue, Strack pointed to the troubling future of the German economy: as workers in that population begin to retire en masse over the next decade, the nation will face an increasing demand for talent — one they simply can’t meet.

Not convinced? Consider this: Of the world's 15 largest economies, responsible for 70 percent of the world's GDP, 12 are projected to face a labor shortage by 2030. As emerging technologies replace low-skilled workers, the need for high-skilled ones will increase dramatically.

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