Over the next 15 years, the U.S. will have a problem that plenty of other countries would love to have: too many workers for the jobs available. That’s according to a report released today by the Boston Consulting Group.
Idle labor isn’t a good thing, especially for the unemployed workers. But you could argue that it beats the alternative, which is having so few workers that jobs go unfilled and economic output falls short of potential. That’s the problem that most other major nations, from Germany to Brazil to South Korea, will face between now and 2030, according to the BCG report.
Image: Photograph by T.J. Kirkpatrick/Bloomberg - Workers complete truck engines on the assembly line at the Toyota Motor Corp. manufacturing facility in San Antonio, Texas, on March 24
To read the original article: U.S. Will Have Something Other Countries Want: A Big Labor Surplus - Businessweek
