Fact #301: The ratio of entry level wage earners to retirees has fallen from 9 to 1 in 1955 to 4 to 1 in 1995 to 2 to 1 by 2020. (Source: Hudson Institute)
Fact #302: In 1991 less than 24% of dentists were over age 54 and past their most productive years. (Source: American Dental Association)
Fact #303: By 2010 over 38% of practicing dentists will be older than 54, a 60% increase. (Source: American Dental Association)
Fact #304: The labor market grew approximately 1.2 % a year in the 1990s. From 2000 to 2010 is expected to grow only 0.8%. From 2010 to 2020 growth declines to 0.4 percent and 0.2 percent from 2020 on.
Fact #305: Active adults account for 60% of all healthcare spending. They purchase 70% of all prescriptions and 51% of all over the counter drugs.
More Perfect Labor Storm facts…
