
- According to the Insured Retirement Institute, baby boomers will continue to retire at a rate of 10,000 a day through 2030.
- Many of today’s baby boomers work in fields that don’t appeal to younger adults, such as trucking, sales and anything 9-to-5.
- Boomers that remain in the workforce might find themselves behind the skills curve, competing more and more with techno-wise young adults.
- If and when offshore jobs return to the United States, they’ll likely be more high-tech. Assembly workers will be replaced by automation, so manufacturing jobs of the future might require a technology degree.
- The future of labor quality could be impacted by the numbers of unemployed and under-employed college-educated young adults; their lack of practical work experience could make it difficult for employers to fill new jobs.
- Lack of qualified candidates could reduce growth, expansion and productivity, while wage growth to compete for the best workers might further exacerbate income inequity.