Friday, January 7, 2011

12,000 baby-boomers are leaving the workforce daily

According to the U.S. Department of Labor and U.S. Bureau of Labor Statistics December 2010:

As you read this, over 12,000 baby-boomers are leaving the workforce daily. Most due to age, many due to reductions.   

This leaves us with a shortfall of over 42 million people in the workforce, 8 million of which are professionals.

Gen-X is not making up the difference simply because Gen-X is half the size of the Boomer generation. 

Gen-Y/Millennials are nearly as big as the baby-boomers but it will take another 3-5 years before they are ready to take their place.

1 comment:

Charlie said...

That number is particularly startling when one considers the extreme recession we have been facing and what it will take for us to recover. There is no way that Gen X-es or Gen Y-ers will be able to step up to the table any time soon with the skills, the character and the commitment that will begin to compensate for the loss of the Boomers.