The future of income per capita isn’t looking good anywhere. Projections for the number of educated workers by economic region looks grim, making up less then half the expected net additions in 2010 to 2030. Even more worrying, the forecast shows a significant decline in net additions over this period, due significantly in part to the world’s aging population. Forget about unemployment; not only will there be job vacancies, there also won’t be anyone to fill them (unless something changes about how old – or by contrast how young – our workforce becomes).
Chart from the Economist.