Large nations across the globe attract job-seeking millennials
The global labor force has grown by more than 200 million people in the last five years, according to the World Bank. Most of these workers are millennials – adults less than 35 years old – at least in the United States, where in 2015 they surpassed Generation Xers to become the generation with largest share of the labor force.
Despite reports that young adults are spending more years in school, the global economy is desperate for more skilled workers. The McKinsey Global Institute predicts that by 2020, there will be 38 million to 40 million fewer workers with a college or postgraduate degree than the labor market needs. The Best Countries to Start a Career are those with developing and dynamic economies that can best employ workers to their skill level and the country’s need.
The 2016 Best Countries rankings, conducted in partnership with brand strategy firm BAV Consulting and the Wharton School of the University of Pennsylvania, asked more than 16,000 survey participants from four regions to associate countries with specific attributes.
The Best Countries to Start a Career are ranked based on scores primarily from nearly 6,000 millennials, or adults less than 35 years old, on a compilation of seven equally weighted country attributes: a good job market, economically stable, entrepreneurial, income equality, innovative, is a place I would live and progressive.
See the list here.
Source: (Alex Ogle/AFP/Getty Images)
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