McKinsey Global Institute

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Labor Markets

Poorer than their parents? A new perspective on income inequality

– The real incomes of about two-thirds of households in 25 advanced economies were flat or fell between 2005 and 2014. Without action, this phenomenon could have corrosive economic and social consequences.

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Four fundamentals of workplace automation

– As the automation of physical and knowledge work advances, many jobs will be redefined rather than eliminated—at least in... the short term.

Realizing gender equality’s $12 trillion economic opportunity

– Investing in access to essential services and reducing the gap in labor-force participation rates could significantly expand the... global economy by 2025.

The power of parity: Advancing women's equality in the United States

– Every state and city in the United States has the opportunity to further gender parity, which could add $4.3 trillion to the country’s... economy in 2025.

Connecting talent with opportunity in the digital age

– Online talent platforms are increasingly connecting people to the right work opportunities. By 2025 they could add $2.7 trillion... to global GDP, and begin to ameliorate many of the persistent problems in the world’s labor markets.

Global flows in a digital age

– The movement of goods and services, finance, and people has reached previously unimagined levels. Global flows are creating new... degrees of connectedness among economies—and playing an ever-larger role in determining the fate of nations, companies, and individuals. To be unconnected is to fall behind.

A tale of two Mexicos: Growth and prosperity in a two-speed economy

– A modern, fast-growing, highly productive economy and a traditional, low-productivity one are pulling in opposite directions,... reducing GDP growth and progress in living standards.

India’s path from poverty to empowerment

– India has made encouraging progress in reducing its official poverty rate. But the nation has an opportunity to help more than... half a billion people attain better living standards.

Game changers: Five opportunities for US growth and renewal

– Five catalysts can reignite the US economy—opportunities in energy, trade, technology, infrastructure, and talent development... can add hundreds of billions of dollars to annual GDP and create millions of new jobs by 2020.

Investing in growth: Europe's next challenge

– Private investment was the hardest-hit component of Europe’s GDP between 2007 and 2011—but it can also be a major driver of the... region’s recovery.

Manufacturing the future: The next era of global growth and innovation

– Manufacturing remains a critical force in both advanced and developing economies. But the sector has changed, bringing new opportunities... and challenges to business leaders and policy makers.

Africa at work: Job creation and inclusive growth

– The world's second-fastest-growing region must speed up job creation to sustain its successes. By focusing on labor-intensive... sectors such as agriculture, some types of manufacturing, and retail and hospitality, African nations could boost the number of new wage-paying jobs from 54 million on current trends to 72 million by 2020.