100 million workers in eight of world's largest economies including India may need to switch job by 2030The less educated, women, ethnic minorities and young people will be most affected
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For many, it will mean retraining to seek work in higher-skilled roles. Credit: iStock photo.
By Lucy Meakin,
Over 100 million workers in eight of the world’s largest economies may need to switch occupation by 2030 as the Covid-19 pandemic accelerates changes to the labor force, according to research by McKinsey & Co.
One in 16 workers in China, France, Germany, India, Japan, Spain, the UK and US will likely need to change profession, a report published Thursday found.
The less educated, women, ethnic minorities and young people will be most affected and, for many, it will mean retraining to seek work in higher-skilled roles as the share of employment in low-wage occupations declines.