Keep pulling the thread on Deko Idekoba.
Deko Idekoba believes that the impact of demographic changes, such as an aging labor market in developed countries, is currently a far greater issue than the impact of AI.
Research from Recruit Holdings projects that the United States will have 20 million fewer workers, a 5% reduction, within the next 15 years.
There is a significant shortage of workers for in-person jobs such as construction, plumbing, healthcare, and electricians, with an insufficient pipeline to fill these open positions.
There is a significant mismatch between the current labor market's demand for skilled trade and healthcare workers and an education system that primarily prepares students for white-collar jobs.
Deko Idekoba predicts that the next 15 years will require a massive societal effort in reskilling and job transitions across many generations and population segments.
The majority of Recruit Holdings' revenue is generated from outside of Japan.
Recruit Holdings' platforms, including Indeed.com and Glassdoor.com, are used by approximately 550 million job seekers and over 3.3 million employers.
Recruit Holdings' platforms facilitate 27 hires per minute globally.
Of the projected 20 million worker shortage in the United States over the next 15 years, 80% is attributed to an aging population where more people retire than enter the workforce.
Of the projected 20 million worker shortage in the United States over the next 15 years, 20% will be caused by AI-driven job replacement.
Japan has maintained a relatively stable working population for the last 20 years, despite a low birth rate, by increasing the labor participation rate of its female population.
Developed countries including the United States, Germany, and the United Kingdom are facing a faster-onset labor shortage compared to Japan because they lack the buffer of a previously low female labor participation rate.