This November, the United Nations expects the world’s population to reach 8 billion. However, with birthing rates dropping, Gen Z’s predecessors Generation Alpha will take up a noticeably smaller portion of the workforce.
That’s because Millennials and Gen Zers alike are finding the concept of starting a family expensive and an overall lower priority.
Not only that, but external factors like climate change, an unstable economy, political polarization and an increasingly mobile workforce have made bringing children into the world less popular.
Because of the increased mobilization and threat of a smaller workforce in the future, countries are now scrambling to find new methods of attracting professionals to their regions. Some have done so by introducing digital nomad visas, which incentivizes remote workers to live and work as expats.
The war for attracting these workers is hotter than ever, and the future of a region’s economy could depend on bringing in these professionals.
Globalization has given way for an increasingly diverse workforce untouched by geographical boundaries. But while the competition for top talent isn’t necessarily a new concept, the methods taken are expected to greatly vary.
