World Bank President Ajay Banga warns that 1.2 billion young people will enter the global workforce in the next decade competing for only 400 million jobs. Education systems worldwide are failing to prepare graduates for rapidly evolving employment demands, creating what analysts suggest could become a global workforce crisis.
Global Workforce Imbalance Reaches Critical Levels
According to reports from recent IMF and World Bank Annual Meetings, the world faces an unprecedented workforce challenge as education systems struggle to adapt to rapidly changing job requirements. World Bank President Ajay Banga reportedly warned that 1.2 billion young people will enter the global workforce in the next 10-15 years, competing for approximately 400 million jobs.