OECD Faces $500 Billion Productivity Hit by 2040 as Ageism Keeps Older Workers Sidelined: WEF

OECD faces $500 billion productivity hit by 2040 as ageism keeps older workers sidelined: WEF

Ageism may cost OECD economies nearly $500 billion in productivity losses by 2040. Older workers face longer unemployment spells and structural barriers pushing them out. Demographic shifts show a significant increase in the global elderly population. Multigenerational teams can boost creativity and innovation while sharing skills. Tackling ageism offers economic benefits and utilizes valuable experienced workers.

Age-related discrimination could wipe out $500 billion in OECD productivity: Report

International Business News: Ageing populations across Organisation for Economic Co-operation and Development (OECD) economies are emerging as one of the biggest workforce challen.

OECD faces $500 billion productivity hit by 2040 as ageism keeps older workers sidelined: WEF - The Tribune

Age-related workplace barriers could cost Organisation for Economic Co-operation and Development (OECD) economies nearly $500 billion in cumulative productivity losses by 2040, the World Economic Forum and Marsh said in a new report, as ageing populations grow far faster than the working-age workforce.