The crisis of the workforce is still at large, and it's a situation that could affect the world economy upwards of $10 trillion according to some studies. The root of the issue is arguably derived from inequality between supply and demand - some industries find themselves with more candidates than they could ever need, while some struggle to keep up with massive shortages.
“An equilibrium in supply and demand is rapidly becoming the exception, not the norm,” noted a report from the Boston Consulting Group (BCG). “Between 2020 and 2030, we project significant worldwide labor-force imbalances — shortfalls, in particular. One significant implication is the potential aggregate value of GDP squandered, because either these nations cannot fill the jobs available or they cannot create enough jobs for the workers they have.”
Furthermore, artificial intelligence (AI) has made its presence widely known in the global workforce - according to a recent McKinsey report, upwards of 800 million people might lose work to automation by 2030.
All in all, the times are changing in the realm of employment, and Fetcher is working hard to keep up.
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