America’s Long-Term Labor Shortage Explained In 6 Charts

  • Work experts have warned for years that the combination of baby boomer retirements, low birthrates, shifting immigration policies and changing worker preferences is leaving U.S. employers with too few workers to fill job openings. While the labor market is softening, none of those factors are expected to change dramatically in the coming years.
  • “It is a talent supply chain and you have to think about it that way, except in this case, talent has a choice,” said Teresa Carroll, chief executive of Magnit, a firm that manages temp, contract and freelance workers for companies.
  • Workers are choosing arrangements such as part-time, flexible or remote work, prompting employers to adapt to fill roles.
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