From Not Enough Jobs to Not Enough Workers: What Retiring Baby Boomers and the Coming Labor Shortage Mean for Your Company
The retirement of baby boomers will create a shortage of skilled workers in mature economies worldwide, leading to higher wages and lower profits for the next 15 years. Is your company at risk of labor shortages? It depends on occupations, geographies, automation, and immigration, among other factors. The Conference Board has developed an index that helps companies forecast their risk of labor shortages in hundreds of occupations and industries in the US and Europe. This report discusses implications for companies and mitigating actions they can take.