An Economy That Works

McKinsey Global Institute
Year: 
2011
An Economy that Works: Job Creation and America's Future is an ambitious research report from McKinsey, exploring what it will take to create 21 million jobs by 2020 and to get the U.S. out of the Great Recession. The report's central finding is that a return to full employment will occur in only the most optimistic job growth scenario. This will require not only a robust economic recovery, but also a concerted effort to address other factors that impede employment, including growing gaps in skill and education. The analysis finds that there will be a shortage of up to 1.5 million workers with at least a bachelor's degree by 2020 and about 6 million Americans without a high school diploma will likely be unemployed.

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