jobs-lost-jobs-gained-full-report.pdf

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DECEMBER 2017

JOBS LOST, JOBS GAINED:

WORKFORCE TRANSITIONS

IN A TIME OF AUTOMATION

About MGI

Since its founding in 1990, the McKinsey Global Institute (MGI) has sought

to develop a deeper understanding of the evolving global economy. As the

business and economics research arm of McKinsey & Company, MGI aims

to provide leaders in the commercial, public, and social sectors with the facts

and insights on which to base management and policy decisions. The Lauder

Institute at the University of Pennsylvania has ranked MGI the world’s number-

one private-sector think tank in its Think Tank Index.

MGI research combines the disciplines of economics and management,

employing the analytical tools of economics with the insights of business

leaders. Our “micro-to-macro” methodology examines microeconomic

industry trends to better understand the broad macroeconomic forces

affecting business strategy and public policy. MGI’s in-depth reports have

covered more than 20 countries and 30 industries. Current research focuses

on six themes: productivity and growth, natural resources, labor markets,

the evolution of global ﬁnancial markets, the economic impact of technology

and innovation, and urbanization. Recent reports have assessed the

digital economy, the impact of AI and automation on employment, income

inequality, the productivity puzzle, the economic beneﬁts of tackling gender

inequality, a new era of global competition, Chinese innovation, and digital and

ﬁnancial globalization.

MGI is led by three McKinsey & Company senior partners: JacquesBughin,

JonathanWoetzel, and JamesManyika, who also serves as the chairman

of MGI. MichaelChui, SusanLund, AnuMadgavkar, SreeRamaswamy, and

JaanaRemes are MGI partners, and JanMischke and JeongminSeong are

MGI senior fellows.

Project teams are led by the MGI partners and a group of senior fellows,

and include consultants from McKinsey ofﬁces around the world. These

teams draw on McKinsey’s global network of partners and industry and

management experts. Advice and input to MGI research are provided by

the MGI Council, members of which are also involved in MGI’s research.

MGI council members are drawn from around the world and from various

sectors and include AndrésCadena, SandrineDevillard, RichardDobbs,

TarekElmasry, KatyGeorge, RajatGupta, EricHazan, EricLabaye, AchaLeke,

ScottNyquist, GaryPinkus, SvenSmit, OliverTonby, and EckartWindhagen.

In addition, leading economists, including Nobel laureates, act as research

advisers to MGI research.

The partners of McKinsey fund MGI’s research; it is not commissioned by any

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