Bloomberg Radio
BCG’s CEO Rich Lesser joins Bloomberg Radio to discuss the troubling drop in the US labor force participation rate and gives his take on some of the possible causes, including disruptions from COVID-19 and the ongoing issue of childcare for working parents. Lesser calls the pandemic “a gigantic forced experiment” that has required companies and employees to rethink the ways they want to work, citing improvements in technology, agility, and flexibility that will have long-term effects on the workforce. “We’re seeing major change—years of change—compressed into this pandemic period about the nature of work in this country and around the world,” says Lesser.