Labor, Work Organization, and Education
The Slowdown in Labor Growth and Aging Workforce in the United States
Over the course of the next decades, the world’s population will be aging rapidly across the globe, particularly in developed countries. Currently, there are around 962 million people aged 60 years or over in the world, comprising 13 percent of the global population and growing at a rate of about 3 percent per year [1]. By 2050, half of the global population will reside in countries where at least 20 percent of the inhabitants are aged 60 years or over [2]. In the United States, the pace of aging is so significant that, by 2050, the number of Americans aged 65 years and more will reach 90 million [3]. As a result, in the next ...
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