Megatrends Launch: Transformation of Labor Markets
Forces are beginning to shift the global economy from an era of abundant labor to one of labor scarcity and new technology.
The era of abundant labor is over and the forces reshaping global labor markets will impact wages, productivity, unemployment, economic growth, inflation and fiscal deficits – creating a new roster of winning and losing industries and countries. PGIM’s latest megatrends research explores the portfolio risks and opportunities from:
- Structural mismatches between labor demand and supply
- The rise of new technologies, especially AI
- Slowing globalization
- Demographic drag across most countries