ACTG 4200 Lecture Notes - Lecture 2: Succession Planning, Cloud Computing, Big Data
17 Apr 2018
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Document Summary
Different accounting institutes trying to expand their reach. The 100 or older population will increase tenfold between 2010 and 2050. Populations in western europe and japan are aging rapidly, while populations in africa and india are becoming younger. By 2050, 24 countries will have populations with median age under 25 years: those economies and growing, our economy will be shrinking, so take advantage of opportunities in those countries (i. e. network) With more inclusive labor forces in some countries, around one billion women will enter the workforce in the next decade. These changes will impact issues like healthcare, tax, consumer and labor markets potentially creating inter-generational conflicts. Millennial employees (born between 1980-1995) have distinct requirements workplace flexibility, global opportunities, cohesive teams, supervisor support, and employer transparency. Low birthrates and aging populations in developed world will lead to labor shortages and possible economic stagnation. In contrast, the developing world, with an abundance of young, willing, and low-paid workers, will drive economic growth.
