The Demographic Drought
The current labor market is a complex issue with multiple contributing factors. The brilliant people at Emsi Burning Glass explain how everything from birth rate and education to generational wealth and labor participation is all contributing to this current conundrum. Ultimately, this is not a wait-it-out situation. This labor pool shortage is not going anywhere fast and businesses will need to adapt to thrive. More important than ever is companies must invest in their “stayers” build a strong culture around dignity to retain their valuable employees.