Global Labour Market by 2020

Group 4Today, the strains on global labor market are becoming increasingly apparent. In advanced economies, demand for high-skill labor is now growing faster than supply, while demand for low-skill labor remains weak. Labor’s overall share of income, or the share of national income that goes to worker compensation, has fallen, and income inequality is growing as lower skilled workers, including 73 million young people, experience unemployment, underemployment, and stagnating wages.