The Coming Worker Shortage to Bring Fiscal Blessings?

April 5, 2010

It looks like a number of factors are conspiring to keep older people in the workforce longer, and that may be a very good thing for the economy. As a result of the current recession, Baby Boomers are already planning to retire later, or not at all. Over the next ten years, jobs growth will outpace the number of younger people available to fill them by as many as 5.7 million jobs. That means more employers will need to retain and/or hire older workers, and more older workers will continue to pay into Social Security and Medicare. Chris Farrell in BusinessWeek makes the case for an optimistic outlook.

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