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1 month ago | 
mckinsey.com | Anu Madgavkar |Kweilin Ellingrud |Sven Smit |Chris Bradley
Diverging work experience patterns drive a “work-experience pay gap” that makes up nearly 80 percent of the total gender pay gap, equal to 27 cents on the dollar among US professional workers. Women tend to build less human capital through work experience than men who start in the same occupations, as seen in the tens of thousands of career trajectories we analyze. Over a 30-year career, the gender pay gap averages out to approximately half a million dollars in lost earnings per woman.
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Jan 16, 2025 | 
mckinsey.com | Chris Bradley |Vishal Agarwal
The world is faced with a dual imperative in the energy transition: the energy system has to be decarbonized, but much more energy is going to be needed in the future. In this episode, Janet Bush, executive editor at McKinsey Global Institute (MGI), talks to McKinsey experts Chris Bradley and Vishal Agarwal about the hurdles that need to be cleared, particularly in Asia, to achieve decarbonization. An edited transcript of the conversation follows.
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Jan 15, 2025 | 
shorturl.at | Anu Madgavkar |Marc Canal |Chris Bradley |Olivia White
Exploring the implications of a new demographic reality brought on by falling fertility and increasing longevity. Falling fertility rates are propelling major economies toward population collapse in this century. Two-thirds of humanity lives in countries with fertility below the replacement rate of 2.1 children per family. By 2100, populations in some major economies will fall by 20 to 50 percent, based on UN projections.
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Jan 15, 2025 | 
mckinsey.com | Anu Madgavkar |Marc Canal |Chris Bradley |Olivia White
Exploring the implications of a new demographic reality brought on by falling fertility and increasing longevity. Falling fertility rates are propelling major economies toward population collapse in this century. Two-thirds of humanity lives in countries with fertility below the replacement rate of 2.1 children per family. By 2100, populations in some major economies will fall by 20 to 50 percent, based on UN projections.
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Nov 15, 2024 | 
fortune.com | Chris Bradley |Mekala Krishnan |Humayun Tai
Despite the momentum of recent years, the fact remains that the energy transition is only in its infancy. Roughly halfway through what has been called climate’s decisive decade, and in the face of rising global uncertainties, it is time for a pragmatic reality check to understand where are we really, and what it will take to get the rest of the job done. By our count, only about 10% of the low-emissions technologies needed by 2050 to meet global climate commitments are in place.
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Oct 23, 2024 | 
mckinsey.com | Chris Bradley |Michael Chui |Kevin Russell |Kweilin Ellingrud
The research was led by Chris Bradley, McKinsey senior partner in the Sydney office and a director of the McKinsey Global Institute (MGI); Kweilin Ellingrud, an MGI director; Michael Birshan, a member of the MGI Council and a senior partner based in London; Michael Chui, a QuantumBlack senior fellow in the Bay Area office; and Kevin Russell, an MGI senior fellow based in the Charlotte office.
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Aug 28, 2024 | 
mckinsey.com | Anu Madgavkar |Olivia White |Sven Smit |Chris Bradley
Labor markets in the world’s eight largest economies have tightened significantly since 2010, although the character and level of constraint varies among them. Here we offer a detailed portrait of each country’s labor market to illustrate the contrasts and similarities between them. We examined changes in aggregate labor supply and labor demand across eight of the largest advanced economies, using data on employment, unemployment, and job openings from 2010 to 2023.
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Aug 14, 2024 | 
mckinsey.com | Mekala Krishnan |Chris Bradley |Humayun Tai |Tiago Devesa
The research was led by Mekala Krishnan, an MGI partner in Boston; Chris Bradley, a McKinsey senior partner and a director of MGI in Sydney; Humayun Tai, a senior partner in the New York office; Tiago Devesa, an MGI senior fellow in Lisbon; Sven Smit, McKinsey senior partner in Amsterdam and chairman of MGI; and Daniel Pacthod, a senior partner in the New York office.
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Jun 25, 2024 | 
mckinsey.com | Anu Madgavkar |Olivia White |Sven Smit |Chris Bradley
Sectors fall into four groups depending on how vacancies grew in relation to employment: “labor hungry,” “labor attracting,” “labor disrupting,” and “labor efficient”. Labor shortages have had the biggest impact on labor-hungry sectors, such as healthcare and construction, as previously noted. Demand for labor has risen faster than the sector’s ability to attract workers.
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May 26, 2024 | 
infobae.com | Chris Bradley
El crecimiento de la productividad laboral en Estados Unidos, Canadá y las economías avanzadas de Europa Occidental y Asia ha sido desalentador durante casi una generación, rondando el 1% anual. ¿Es esto todo lo que podemos esperar para la próxima generación? No tiene por qué. De hecho, para hacer frente al aumento de la inflación, los balances tambaleantes, el envejecimiento de la población y la transición neta a cero, es urgente hacerlo mejor.
