In a recent report studying the U.S. labor force, The Aspen Institute, a non-profit think tank, pointed out that while the native-born workforce between the ages of 25 and 54 grew 44 percent in the past two decades, that demographic is projected to have zero growth between now and 2020. “With the labor force leveling off in the next 20 years, every worker will be needed,” the report concludes.
And in a recent study, electronic recruiting analyst Interbiznet projects that between now and 2010, for every new member added to the workforce there will be 2.6 new jobs created. The report projects steadily increasing labor shortages across virtually every job function–from management to maintenance.
The only thing experts can’t seem to agree on is how quickly the boom will arrive and how dramatic its arrival will be.