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More or Less

Will the world really be 50 million workers short by 2030?

More or Less

BBC

Business, Mathematics, Science, News Commentary, News

4.63.5K Ratings

🗓️ 13 September 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

Nvidia CEO Jensen Huang says the world faces a severe labour shortage – 50 million workers by the end of the decade. The boss of the world’s most valuable company thinks humanoid robots will be needed to fill the gap.

But is this prediction based on solid evidence?

Tim Harford looks at the calculations behind the claim with Rajiv Gupta, a technology expert at Boston Consulting Group, who is the likely source of the 50 million figure.

If you’ve seen a number in the news you think we should look at, email the team: [email protected]

Presenter: Tim Harford Producer: Nicholas Barrett Series producer: Tom Colls Sound mix: Hal Haines Editor: Richard Vadon

Transcript

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0:00.0

You're dead to me.

0:05.0

No, no, that's the name of our podcast. Sorry.

0:08.7

And we're back for a brand new series.

0:11.1

Not only is it British history, it was a quill drop.

0:15.1

With more fun and facts from history without taking it too seriously.

0:19.8

Empress Matilda, what is she going to do now?

0:21.7

She decides to take back some of the jewels with her. I'm taking these as well. I'm going to come back

0:27.3

for Tuscany one day as well. You're dead to me. Again, not you. Name of the show. Listen first on

0:33.7

BBC Sounds. Hello and thanks for downloading the more or less podcast.

0:38.2

With a program that looks at the numbers in the news, in life, and in your jobs, I'm Tim Harford.

0:46.1

Loyal listener Robert Gibbs emailed in to ask about a stat he heard in a talk by Jensen Huang,

0:52.6

the CEO of NVIDIA.

0:55.0

NVIDIA is a U.S. tech firm that's already become the most valuable company on earth

1:00.3

by selling advanced chips to the company's developing generative artificial intelligence.

1:06.1

Huang, its boss, was speaking at a conference in California, where he told the audience,

1:10.7

We know very clearly that the world has severe shortage. its boss was speaking at a conference in California, where he told the audience,

1:10.9

We know very clearly that the world has severe shortage of human laborers, human workers.

1:17.2

By the end of this decade, the world is going to be at least 50 million workers short.

1:22.6

Huang was making the case for the futuristic solution to this problem, humanoid robots. But is the claim

1:29.4

correct? Is the world really going to be 50 million workers short by 2030? Eager to justify

1:38.2

our own jobs in journalism, we asked NVIDIA where Huang got this figure from. They didn't

1:43.4

reply, possibly due to vacancies

...

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