Supply? Demand?
Will the market take care of itself and pre-empt the predicted labor shortage?
It’s a question of supply and demand. If we decrease demand — through technology, job redesign, outsourcing, offshoring — will it be enough?
Demographics aside, many say it won’t. Technology has changed the skill-sets required to do even the simplest of jobs (or it has eliminated them!).
So…
- if our education system isn’t keeping up,
- or if businesses don’t reskill and upskill their existing employees,
- or if we aren’t taking personal responsibility to keep our skills up-to-date
…will we run out of the people we need to get the work done?
