DECEMBER2017JOBSLOST,JOBSGAINED:WORKFORCETRANSITIONSINATIMEOFAUTOMATIONAboutMGICopyright©McKinsey&Company2017Copyright©McKinsey&Company2017Sinceitsfoundingin1990,theMcKinseyGlobalInstitute(MGI)hassoughttodevelopadeeperunderstandingoftheevolvingglobaleconomy.AsthebusinessandeconomicsresearcharmofMcKinsey&Company,MGIaimstoprovideleadersinthecommercial,public,andsocialsectorswiththefactsandinsightsonwhichtobasemanagementandpolicydecisions.TheLauderInstituteattheUniversityofPennsylvaniahasrankedMGItheworld’snumber-oneprivate-sectorthinktankinitsThinkTankIndex.MGIresearchcombinesthedisciplinesofeconomicsandmanagement,employingtheanalyticaltoolsofeconomicswiththeinsightsofbusinessleaders.Our“micro-to-macro”methodologyexaminesmicroeconomicindustrytrendstobetterunderstandthebroadmacroeconomicforcesaffectingbusinessstrategyandpublicpolicy.MGI’sin-depthreportshavecoveredmorethan20countriesand30industries.Currentresearchfocusesonsixthemes:productivityandgrowth,naturalresources,labormarkets,theevolutionofglobalfinancialmarkets,theeconomicimpactoftechnologyandinnovation,andurbanization.Recentreportshaveassessedthedigitaleconomy,theimpactofAIandautomationonemployment,incomeinequality,theproductivitypuzzle,theeconomicbenefitsoftacklinggenderinequality,aneweraofglobalcompetition,Chineseinnovation,anddigitalandfinancialglobalization.MGIisledbythreeMcKinsey&Companyseniorpartners:JacquesBughin,JonathanWoetzel,andJamesManyika,whoalsoservesasthechairmanofMGI.MichaelChui,SusanLund,AnuMadgavkar,SreeRamaswamy,andJaanaRemesareMGIpartners,andJanMischkeandJeongminSeongareMGIseniorfellows.ProjectteamsareledbytheMGIpartnersandagroupofseniorfellows,andincludeconsultantsfromMcKinseyofficesaroundtheworld.TheseteamsdrawonMcKinsey’sglobalnetworkofpartnersandindustryandmanagementexperts.AdviceandinputtoMGIresearchareprovidedbytheMGICouncil,membersofwhicharealsoinvolvedinMGI’sresearch.MGIcouncilmembersaredrawnfromaroundtheworldandfromvarioussectorsandincludeAndrésCadena,SandrineDevillard,R...