The Projected Labor Shortage

Statistical evidence suggests that a worker shortage is a very real threat to the U.S. labor market. Most analysts cite the routine reasons: demographics (the aging baby boomers and slowed population growth), decreases in immigration since the September 11 terrorist attacks, and a slowdown of economic growth and job creation . While these statistics suggest a possible reduction in the labor force, they do not take into consideration other, less tangible factors. The changing landscape with regard to how people work will simply shift. …