Research Catalog

The world at work : jobs, pay, and skills for 3.5 billion people

Title
The world at work : jobs, pay, and skills for 3.5 billion people / by Richard Dobbs, Anu Madgavkar, Dominic Barton, Eric Labaye, James Manyika, Charles Roxburgh, Susan Lund, Siddarth Madhav.
Publication
[New York] : McKinsey Global Institute, 2012.

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Details

Additional Authors
  • Dobbs, Richard.
  • Madgavkar, Anu.
  • Barton, Dominic.
  • Labaye, Eric.
  • Manyika, J. (James)
  • Roxburgh, Charles.
  • Lund, Susan.
  • Madhav, Siddarth.
  • McKinsey Global Institute.
Description
91 pages; 30 cm
Summary
"Over the past three decades, economies and markets have become more interdependent and inter-dependent, as trade volumes have grown and developing economies have industrialized. Labor markets have evolved along with the global economy, bringing nearly one billion people in the developing world into the global labor pool and helping both advanced and developing economies raise productivity and GDP. Recently, however, strains caused by the rise of a global labor force have also become more apparent. These strains - heightened by the 'Great Recession' - including rising joblessness and income inequality, and distressing high rates of youth employment. How demand and supply of labor develop over the coming decades will have even greater impact on the global economy. The research in this report was conducted to provide a picture of the evolving global labor market. We find that, based on current trends, there are potentially serious gaps in the supply of workers with the skills that will be needed to drive 21st-century economies, and a growing surplus of workers with more limited skills. Avoiding these imbalances (in both advanced and developing economies) and their consequences will require a unprecedented commitment to education and training."- -Preface.
Subject
  • Labor market
  • Youth > Employment
  • Labor productivity
  • Skilled labor
  • Income distribution
  • employing
Note
  • "June 2012".
Bibliography (note)
  • Includes bibliographical references (p. 85-91).
Additional Formats (note)
  • Also issued online.
OCLC
  • ocn803846385
  • 803846385
  • SCSB-1658376
Owning Institutions
Princeton University Library