China is rising fast as the world’s largest source of college-educated workers. A study by the McKinsey Global Institute showed that China will produce 30% of the world’s new supply of educated labor by 2030. China is predicted to overtake the United States, which is estimated to account for only 5%, or even the combined supply from advanced countries like Japan and Europe, accounting for just 14%. The study basically stressed the need for more highly educated workers since it predicts that employers around the world will be faced with a shortage of 38 million college-educated workers and a surplus of 90 million unskilled workers in 2030.
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