Global Aging Population and Workforce Shifts

The aging population is a worldwide phenomenon, with many countries having an older demographic than the US. Countries like Japan, Germany, and China are experiencing rapid demographic changes. China, for instance, has seen significant increases in life expectancy and a decrease in average number of children per family. This global aging trend affects not only North American leaders but also employers worldwide. The rise of the gig economy presents opportunities for companies to tap into an older workforce. Age Wave, a company, has been studying pre-retirees and retirees globally for 25 years, shedding light on these demographic shifts.