- Regional demographics of working-age population are deepening: by 2050, the number of people of 20-64 years old will decrease (compared to 2015) by 49 million in Europe, by 22 million in Russia, by 20 million in Japan and by 195 million in China. Over the same period of time, in the United States the number of potentially active workers is expected to increase by 20 million, while in sub-Saharan Africa the working age population (ages 15-64) is projected to triple, to some 1.3 billion -- about the double of that of all high-income countries combined.
- The labour force participation rates among adults have for the past 25 years been declining (1993-2018), a trend which ILO expects to continue, considering 2023 forecasts.
- Although the gender gap in labour force participation has been narrowing over the past 25 years (1993-2018), women's global labour force participation rate is still 26.5% below that of men (49% for women, compared to 76% for men) according to ILO. The gender gap is closing more rapidly in high-income countries, but continues to widen in emerging economies. ILO estimates that reducing the gender gap by 25% would increase global GDP by $5.8 trillion by 2025.
- Older population keeps more active (by will or by necessity); in Germany, Sweden, and the UK over 50% of people aged 65+ are earners through some independent work.
- By 2030, hyper-connected, tech savvy millennials will make up 75% of the workforce.
| Related Megatrends: Work; Technology; Inequalities;