Coming Talent Shortage Relevant to Nations, Organizations, Managers

Take a look at this fascinating article in Foreign Affairs by Nicholas Eberstadt entitled “The Demographic Future.” It has an excellent discussion of how population and labor supply around the world will change over the next 20 years as a result of the nearly 50 percent decline of fertility worldwide over the last half century. The larger point of the article is that although many nations are presently experiencing an excess supply of labor, a shortage is certain to result as baby boomers retire and the economy resumes growing. The analysis in the article points out the need for nations to improve educational opportunities, health conditions and economic environments.  In addition, it supports the need for nations to create Connection Cultures that will attract and retain immigrant talent to their home markets, the need for organizations to create Connection Cultures that will attract and retain talent to their organizations, and the need for managers to create Connection Cultures that will attract and retain talent to the units they lead.

Be Sociable, Share!