U.S. Standard of Living in Danger of Declining

September 4, 2018

Dan London, Group Chief Executive, Health & Public Service for Accenture

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A new study finds the U.S. standard of living is in danger of declining by nine percent by 2030 – back to the level it was in 2000 – due to three major economic threats: an aging population, lower workforce participation and a flat or declining labor productivity growth rate.

Dan London, group chief executive, Health & Public Service for Accenture, says our standard of living hinges on harnessing a skilled workforce to power our economy. 

(LONDON)

FOR THE FIRST TIME IN OUR HISTORY, THE NEXT GENERATION MAY BE WORSE OFF THAN THEIR PARENTS. GOVERNMENT LEADERS MUST EMBRACE NEW STRATEGIES TO ENSURE THAT THERE’S ENOUGH TALENT TO MEET THE COUNTRY’S WORKFORCE DEMANDS. STATES CAN LEAD BY OFFERING REAL-TIME, SKILL-BASED INFORMATION ABOUT JOBS IN HIGH-DEMAND AND BY CREATING TALENT PIPELINES FOR EMPLOYERS.  STATES THAT ACT NOW, TO BETTER MATCH JOBS AND SKILLS, WILL HAVE A COMPETITIVE ADVANTAGE IN WINNING THE BATTLE FOR TALENT IN THE FUTURE.

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For more on the survey, visit www.accenture.com/publicservice.

 

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