Aging populations, robotization and migration among labour market challenges
Cambridge Econometrics’ modelling and analysis underpinned the evidence behind a report published this month, entitled: Future skill needs in Europe: critical labour force trends. Published by Cedefop (The European Centre for the Development of Vocational Training) the report provides evidence to policy-makers, experts and individuals for the basis of effective decision making on skills and education.
The report presents two scenarios, the baseline provides the most-likely-to-happen future and the other presents a scenario of increased labour market participation and migratory flow across member states.
The report finds that whilst still recovering from the global economic crisis of 2008, the European labour markets faces several challenges, including from the economic structure itself of member states, to increased robotization and automation, aging populations and increased migration across EU borders.