Accenture’s latest public service research explores threats to standard of living and the actions governments can take to help ensure that effective labor markets secure the well-being of states, provinces and nations.
For this research, we analyzed the implications of demographic changes in 162 countries. We surveyed citizens, job seekers, employers and public employment service officials in the United States, as well as 10 other countries and the Canadian province of Ontario. We also conducted targeted surveys in 12 states.
For our US research, Accenture focused on this burning platform: States are engaged in a battle for the talent they need to power their economies. Unless the share of people working increases and those who are employed become significantly more productive, the standard of living 15 years from now will decline to what it was 15 years ago.
To secure growth in standard of living, states must identify innovative approaches to increase employment, increase workers’ productivity and ensure that people are maximizing the value of their talents in the workforce.