02/22/2021

Pandemic to Widen Skill Gaps as Workplaces Change, McKinsey Says

More than 100 million workers may need to switch occupations by 2030

Tens of millions of workers in developed economies will have to retrain for secure careers in post-COVID labour markets reshaped by the pandemic and the remote working revolution, a report by consultancy McKinsey said on Thursday.

The analysis by MGI, McKinsey’s economics research arm, concluded the pandemic’s biggest impacts will be concentrated in four work areas: leisure and travel venues; on-site customer interaction such as in retail and hospitality; computer-based office work; and production and warehousing.

Its scenarios suggested more than 100 million workers in the countries covered by the study - Britain, China, France, Germany, India, Japan, Spain and the United States - may need to switch occupations by 2030, up to 25 percent more than expected pre-pandemic.

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