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Peak Labour Is Near

Skills shortages are going to be more prevalent from now on. We know that our ageing workforce means we will face a shortage of people of working age, but do you realise how quickly this is going to happen?

In this edition of BTalk social researcher Mark McCrindle highlights the concept of Peak Labour, when the number of people able to fill jobs starts to shrink. Based on today’s birth rate and migration levels it’ll happen much sooner than you might think.

Mark says there are only three answers — population, participation and productivity. How has your business adapted to cope with the imminent approach of Peak Labour?

First published on CBS News

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