Aging Workers Labor Shortage

One of the biggest trends coming in 2019 and beyond is a wave of demographic slowing in America that could mean tight labor markets will become the “new normal” for decades to come.

Several current demographic trends point to an aging, more slowly growing, and less work-focused American population. Like a slowly rising tide, these demographic changes will have wide-ranging impacts on jobs.

By 2020, the labor force will grow 0.4 percent annually, where it will level off for decades — limiting the ability of employers to meet growing hiring demand.

Mike CerreComment