90 million workers won't be needed by 2020

A study shows that by 2020, tens of millions of people around the world will become jobless. Around 95 low-skill workers will not be needed by employers creating more income inequality in the world.  Through 2030, China and India will add the most college-educated workers to the labor force.

The study says:

"The polarization of incomes between high- and low-skill workers could become even more pronounced, slowing the advance in national living standards, and increasing public-sector burdens and social tensions,.....In some advanced economies, less-skilled workers could very well grow up poorer than their parents, in real terms."

The world already is suffering from growing joblessness. 6% of workers worldwide are unemployed, according to the International Labour Office.

Developing countries need to double or triple the growth rate of the capacity of their high schools and vocational schools, double or triple their labor-intensive exports, and double or triple their investment in infrastructure and housing construction


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