July 17, 2003

Slouching toward a labor shortage
Posted by tzannos@bostonworks.com">Svetlana Husseini at 10:39 AM -

Doug blogged a recent BostonWorks article reporting on the impending labor shortage caused by the retirement of Baby Boomers. Here is another story from the ERE.

The baby-boomer generation was, and is, approaching the accepted retirement age. Ten years ago, as it does today, it represented about 40% of the professional workforce. So ten years ago the HR/Staffing industry became progressively aware of a pending labor shortage due not only to extended economic growth, but also to a decline in the actual number of workers. If baby-boomers were water, we would call it a drought.

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