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


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In the past three decades, technology and globalization have reshaped economies around the world. In the process, a global labour market began to take shape. The most striking benefit has been the creation of 900 million non-farm jobs in developing countries, helping lift hundreds of millions of people out of poverty. During this time, advanced economies were able to raise productivity by investing in technology and tapping new sources of low-cost labor, while creating new high-wage jobs for high skill workers. Strains in this global labor market are becoming increasingly apparent -...  [+] Show more

Subjects: Labour market; Skills and knowledge; Employment; Globalisation; Economics; Qualifications; Equity; Industry; Youth; Vocational education and training

Keywords: Labour supply; Labour demand; Skill needs; Unemployment; Skill shortage; Developing economy; Educational level; Ageing workforce

Published: [Place of publication not identified]: McKinsey and Company, 2012

Physical description: x, 91 p.

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Resource type: Report, paper or authored book

Document number: TD/TNC 109.831

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