Workforce Planning - key national demographic trends
•For the first time in American history, the number of younger workers entering the labor market will not replace those who are leaving.
•Every day, 10,000 Baby Boomers turn 55 years old.
•One in six workers is over the age of 55.
•For every two experienced workers leaving the workforce, one will enter.
•By 2010, American businesses will face a labor shortage of more the 10 million workers. By 2030, the gap will grow to 35 million.