Changing demographics will improve the job market for baby boomers, but slowly

When we interviewed Richard Johnson and Eugene Steuerle, economists at the Urban Institute in Washington, D.C., last April, we asked:  Is there any good news people who are 50+ and looking for jobs?

Johnson said:

“Going into the future, there will be a shortage of younger people.  Between 2008 and 2020, the number of adult Americans 25 to 54 is going to increase only two percent, so it’s basically flat over the next 10 years.  Over that same period, the number of Americans is going to increase 34 percent.  So we’re not going to have enough younger people to do the work.  But we are going to have a lot of older people, and I think that means that we are going to see a change in attitudes toward workers at older ages.”

The looming labor shortage is beginning to be recognized, and the issue was noted in yesterday’s NYT article Factory Jobs Return, but Employers Find Skills Shortage:

“Local leaders worry that the skills shortage now will be exacerbated once baby boomers start retiring. In Ohio, officials project that about 30 percent of the state’s manufacturing workers will be eligible for retirement by 2016.

‘The new worker of tomorrow is in about sixth grade,’ said John Gajewski, executive director of the advanced manufacturing, engineering and apprenticeship program at Cuyahoga Community College in downtown Cleveland. ‘And they need training to move into manufacturing.’”



TitusUJohnny said:

Hey! This can be my first trip to your site! We have been a team of volunteers and starting a new initiative within a community in the same niche. Your website provided us beneficial information to work on. You might have done a marvellous job!

KurtTRaridon said:

each and every time i utilized to read smaller content that also clear their motive, and that is certainly also happening using this paragraph which I am reading now.

JessXAracena said:

What's up, I would like to subscribe for this webpage to take most up-to-date updates, so where can i do it please help.

HalOAmaral said:

I've been browsing online greater than three hours today, but I never found any attention-grabbing article like yours. It is beautiful worth sufficient for me personally. Within my view, if all site owners and bloggers made good content as you probably did, the web will probably be much more helpful than previously.

DenisVLebeck said:

I used to be recommended this website by using my cousin. I am now not sure whether this post is written via him as nobody else understand such particular approximately my trouble. You happen to be amazing! Thanks!

ShebaSBeyt said:

I whenever spent my 30 minutes to learn this web site's articles daily along with a mug of coffee.

DouglasXSens said:

This web site truly has all of the information and facts I wanted about this subject and didn't know who to ask.

OnieFNeyland said:

Hello, its fastidious paragraph about media print, we all understand media is a great source of data.

ElvinaZCoyco said:

I love looking through a post that can make people think. Also, thanks for enabling me to comment!

Leave a Comment »

Leave a Reply

Your email address will not be published. Required fields are marked *