More than 40 million people are unemployed in developed economies alone. In this video, McKinsey partners Byron Auguste, James Manyika, and Katrin Suder discuss the underlying causes of the jobs crisis and some of the ways business and government can cooperate to create the millions of jobs that are needed.
Addressing supply and demand
Our emerging perspective is that the jobs crisis in the developed world is not a product of recession alone, and will not be solved simply by restoring economic growth. Growth is necessary and desirable. But in many countries, the historical link between growth and job creation was weakening before the current downturn began.
To read the full, original article click on this link: 40 million jobs needed | McKinsey & Company
