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The Global Future of Work—The Future Labor Force

  • June 2015
  • -
  • Frost & Sullivan
  • -
  • 78 pages

Summary

Table of Contents

Impending Demographic Shifts are Shaping 2025's Labor Outlook

The Global Future of Work—The Future Labor Force investigates emerging Mega Trends shaping 2025's labor market outlook. Analysis includes social implications, such as the size and composition of the future labor force; economic implications, such as wage and benefits comparisons; and political implications, such as international labor goals and historical migration trends. Other key topics include millennials and female participation in the future labor force, as well as predictions for how artificial intelligence and automation will affect job availability. Sector scenarios examine employment share trends, and overviews are provided for developed and developing economies. The study period is from 2015 to 2025.

Key Findings

The global labor force will comprise approximately billion people in 2025, with Generation X accounting for over one-fourth of the labor force and millennials almost half.
Aging populations will greatly affect Japan and many Western European countries, increasing dependence on female and immigrant labor, as well as on automation.

The number of freelancers in the labor market will grow because of Internet- and mobile-based employment models, and employers will rely more on hybridized
labor pools to meet labor shortages. Aging populations will greatly influence 2025’s labor market, extending retirement ages, potentially creating labor shortages,
and increasing the older-age population burden for prime-age workers.

Global competition over high-skill laborers is forcing some countries to rewrite immigration policies and other countries to incentivize talent retention. These trends
will intensify through 2025.

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