Examines the issues affecting work and the labor market.

The goal of this report is “to highlight the structural challenges that are shaping employment and job creation in advanced economies in a way that will help lead to long-term solutions. The trends described here are transforming how work is done and are determining what kinds of jobs are created” (p.ii).

“In this paper we explore five trends that are influencing employment levels and shaping how work is done: the impact of technology; the widening gap between the skills that employers seek and those that the workforce has; growing geographic mismatches between where jobs are appearing and where they are needed most; growing pools of untapped talent; and disparity in income growth” (p.1). (Abstractor: Author and Website Staff)

Major Findings & Recommendations

This paper focuses its discussion on the following issues: • “The jobs that will be created in the future are increasingly unlike those of the past” (p.4). • “A shortage of workers with the right training and skills could become a drag on business expansion and national GDP growth in advanced economies” (p.5). • “Geographic mismatches between jobs and people stand in the way of employment and result in a higher long-term unemployment rate. A multi-pronged solution will be needed” (p.7). • “Untapped pools of talent represent both challenges and opportunities for policy makers and businesses. Unemployment of young people is a growing global issue that, left unaddressed, could lead to higher risk of social conflict” (p.10). • “Disparities in income growth raise worrisome questions about future aggregate demand and economic growth, and they have impact on social cohesion and the costs of government programs” (p.12). (Abstractor: Author and Website Staff)