younger warehouse workers standing behind older one (Photo: Shutterstock)

It might be awkward to say or read but “unemployEEment” is coming. What is it? Essentially it is a shrinking of the working population across countries like the US, China, Germany and the UK – essentially most of the world’s economy.

A new report from StepStone – a next generation recruitment platform – says that “Although the classic immigration countries, the US and UK, are not yet directly impacted by the decline in the working population yet, the once strong populational increase, which acted as a driver of growth and prosperity is declining significantly or even disappearing altogether. And at the same time, the proportion of the older population is also increasing massively. Meaning that as there are fewer people having to perform more, economic growth is made more difficult.”

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