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Global Labor Market Outlook 2019: No End in Sight to Worker Shortages

Which region of the world offers the highest-quality, lowest-wage workers?

It certainly isn’t Central/Eastern Europe: explosive wage growth, negative working-age population growth, and a booming economy mean this region (Bulgaria, Croatia, Czechia, Estonia, Hungary, Lithuania, Latvia, Poland, Romania, Slovenia, and Slovakia) has the most acute labor shortages in the world. In this report, we break down the labor outlook for the rest of Europe, the US, Japan, and emerging markets in Latin America and Asia. Spoiler: labor markets are tight everywhere. We also detail Asia’s winners and losers in the US-China trade war.

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