The McKinsey Podcast
The ups and downs of global productivity
Jun 27, 2024
McKinsey senior partners discuss global productivity, the impact of technology on wages, and the need for investments. They explore disparities in productivity growth rates between countries and the potential of digital transformation to boost productivity. Additionally, the challenge in Europe to fill skilled labor positions is addressed, suggesting hiring ethnic-minority employees as a solution.
28:09
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Quick takeaways
- Investments and digital transformation can boost productivity for all economies.
- Hiring ethnic-minority employees can address skilled labor shortages in Europe.
Deep dives
Changing Demographics and Impact on Productivity
As the majority of the world's population ages, there is a higher dependency ratio, requiring increased output per unit of labor. This shift in demographics necessitates advancements in productivity to sustain society. With changing demographics and technological evolution, the global perspective on productivity is evolving.
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