Conclusion
The global labor market was forever changed by the pandemic with long-term effects that are both profound and multi-faceted. And though the labor force has recovered from the initial shock of these events, it remains tight in many sectors.
Developed countries like the US, Canada and UK will continue to struggle with a low supply of talent while India faces ongoing gender disparity and a significant skills mismatch.
Thankfully, the aftermath of 2020 accelerated the adoption of technology and legislation within the workplace, driving organizations toward greater work efficiency and overall employee wellbeing.
And just as the entry of women into the workforce during World War II marked a significant shift in societal norms and labor dynamics, the changes that have occurred since the pandemic reflect a labor market that has adapted and evolved because of unprecedented challenges, illustrating resilience and an ability for transformation.
