The picture below tells the story.
Between 1970 and 1980, the U.S. workforce grew a whopping 29%.
Between 2000 and 2010 growth slowed to 12%, still robust but showing the early signs of serious skilled worker shortages.
The biggest change has yet to come. Between 2010 and 2020 (when baby boomers will start to leave the workforce en masse), growth will slow to 4%. And it will slip another 1% to just 3% growth between 2020 and 2030.
As soon as the economy rebounds, the demand for workers will increase like never before. The Perfect Labor Storm isn't over…it hasn't even begun!
So true. Honesty and everything reogcneizd.