Signal Global labour force participation projected to fall 0.2 points a year

Summary

Many developed economies are facing populations that are stagnant or shrinking. Against that backdrop, global labour force participation is expected to keep falling by around 0.2 percentage points each year. EY treats this as one of the scarcity pressures that could push economies to invest in resources differently. It points to two responses: building infrastructure that expands human resources, including migration systems such as visa processing, credential recognition and housing, and investing in talent and education. These choices, EY argues, decide whether demographic pressure can be turned into economic advantage.