The problem, says Fick, is not just outmigration, it’s who’s leaving and who’s replacing them.
“We have an influx greater than it has been in the past of older people,” Fick said. “People who are at the end of their working lives or retired. Compounding that, which is something we haven’t had in the past, is this exodus of younger workers.”
In the last decade, 2012 stands out with huge drop in workers in their 20s and a new rise in those above 60-years-old. That new trend, which is expected by many to continue, is what some experts have named the Silver Tsunami. Fick says they’re already seeing that trend causing a shift in jobs and pay.
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