Tight Job Market for the Next 15 Years: Levanon

The video discusses labor market challenges, focusing on Germany and Japan's tight labor markets due to declining working-age populations and baby boomer retirements. It highlights the US labor market's current state and future trends, suggesting that the US will face similar issues. The video emphasizes the need for adaptation through education, immigration, and company strategies to address labor shortages. It also covers compensation and retention strategies, noting the relationship between unemployment rates and compensation growth.

What are the two main reasons for the labor shortage in Germany and Japan?

How is the aging baby boomer population expected to impact the labor market in the United States over the next 15 years?

What strategies can companies implement to prepare for expected labor shortages?

What recommendations would you give to companies struggling to retain talented staff in a competitive labor market?

In what ways does the relationship between unemployment rates and compensation affect employee retention?