Our society is aging. Between 1870 and 1990, the number of U.S. citizens aged 65 and older grew from 1 million to approximately 32 million. By 2030, the proportion of people over 65 will be 20% of the population. (Source: U.S. Census)
As 38 million baby boomers reached employment age in the 1970s and 1980s, the workplace exploded by 50 percent. In the decade following 2010, the portion of the population under age 45 – the principal talent pool for managers and workers – will shrink by 6 percent.
Baby boomers have 27 million more people than the one that preceded it and about 10 million more than the one that follows.
In 2003 the United States experienced its lowest recorded birthrate in history.
More about Why Worker Shortages Will Not Go Away