During the second half of the 20th century, there was an explosion in the size of the global workforce, with countries like China opening up to international markets. Demographics were on-side, with the working-age population growing at strength around the world. That was a pretty easy and natural source of growth for decades.

Now, that’s not looking so great any more. It’s not a new development — in fact, the growth peaked at over 70 million new workers per annum in 2005, and is heading down.

Read the article “One of the Strongest Engines of Economic Growth Started Slowing 10 Years Ago — and It’s not Coming Back” on businessinsider.com.au.