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Business News/ News / World/  100 million workers may need to switch occupation by 2030
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100 million workers may need to switch occupation by 2030

One-in-16 workers in China, France, Germany, India, Japan, Spain, the UK and US will likely need to change profession, the McKinsey report said
  • The less educated, women, ethnic minorities and young people will be most affected
  • Graphic: BloombergPremium
    Graphic: Bloomberg

    Over 100 million workers in eight of the world’s largest economies may need to switch occupation by 2030 as the Covid-19 pandemic accelerates changes to the labour force, according to research by McKinsey & Co.

    One-in-16 workers in China, France, Germany, India, Japan, Spain, the UK and US will likely need to change profession, a report published Thursday found.

    The less educated, women, ethnic minorities and young people will be most affected and, for many, it will mean retraining to seek work in higher-skilled roles as the share of employment in low-wage occupations declines.

    The less educated, women, ethnic minorities and young people will be most affected
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    The less educated, women, ethnic minorities and young people will be most affected

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    Published: 18 Feb 2021, 08:15 PM IST
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