Indeed Hiring Lab research projects the US labor force could shrink by nearly 6 million workers by 2032. This is not a cyclical slowdown, but rather simple demographic math: The birth rate has been falling for decades, and Baby Boomers are retiring faster than younger generations can replace them.
Indeed chief economist: Aging Baby Boomers are America’s real labor problem, not AI | Fortune
Up to an estimated 90% to 95% of the entire baby boom has either already passed away or is now retired.
Yeah, it’s a factor but IT’S IN THE PAST TENSE. We have already passed the “demographic cliff”.
