| 17% of US work force are baby boomers |
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17% of US work force are baby boomers - 9.2.2007 [more]
US Bureau of Labor Statistics reports
that the share of the labor force aged 55 and older, currently at 17%,
is rising rapidly and, by 2020, it is projected to be nearly 24%. A
mass exodus of Baby Boomers, currently between the ages of 43 and 61,
from the labor force as they reach retirement age would cause a
significant labor shortage. Some experts predict that by 2012, there
will be 3.3 mln fewer workers than jobs. Retaining older workers longer
would alleviate the expected shortage.
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