Revisiting the Looming Labour Shortage Theory (Part 2)
Yesterday, we saw that if one replaces a steady-state assumption about the work-habits of older workers, with a graph that extends recent trends in employment for that age demographic into the near future, then total employment projections rise by 2.1 million over 20 years, more or less wiping out the whole “future labour shortage” theory. Future Employment Rates, Based on Different Assumptions About Employment Rates Among Workers Over 55 So what are the