The World Needs Another 95 Million Skilled Workers By 2020

The World Needs Another 95 Million Skilled Workers By 2020

by Michael Kelley

Strains in the global labor market could lead to a surplus of up to 95 million low‐skill workers and a shortage of up to 95 million high- and medium-skilled workers by 2020, according to a recent report by the McKinsey Global Institute (MGI).
MGI concluded that unless there is a immediate and massive global effort to improve worker skills, there will be "far too few workers with the advanced skills needed to drive a high-productivity economy and far too few job opportunities for low-skill workers."