Tharman Shanmugaratnam sounded the alarm during a Wednesday panel titled "Closing the Jobs Gap" at the World Economic Forum's annual meeting in Davos, Switzerland. He delivered a wide-ranging monologue in the session moderated by Business Insider's editor in chief, Jamie Heller.
Shanmugaratnam — an economist with degrees from Harvard, Cambridge, and the London School of Economics — said that roughly 1.2 billion people from developing and emerging nations are set to enter the global workforce over the next decade, but only 400 million new jobs are projected to be created in that period.