Within the next decade approximately 2.7 million “Baby Boomers” (b. 1946-1964) will retire, ensuring tens of thousands of skilled, well-paid positions will become available, all without a ready supply of American workers to fill them. Statistics paint an especially gloomy picture for the manufacturing sector, and a widening of the skills gap as young employees replace old.
Compared to the rest of the economy, the impact on manufacturing of this generational shift is oversized for two reasons: