[chronotis]

Central banks and other researchers have been writing for decades now about the inevitable shift in labor markets as a result of the US demographic curve and retiring baby boomers. My POV is that the pandemic served as an accelerant, pushing more end-of-career folks into retirement (perhaps earlier than planned) and that employers haven't understood or accepted that the "mix" in the workforce is changing rapidly.

The impacts go beyond the usual arguments about social security / government-funded pension programs. The producer-consumer ratio is changing, which is increasing the value of producers.