Demographic re-balancing disguised as structural change in the US labor market. Of the occupational groups that the Bureau of Labor Statistics tracks, the top four with the highest projected employment change out to 2020 are all heavily technology driven industries. And as the millennials are slowly infiltrating the labor markets, whether as job creators or labor-for-hire, they are bringing in their incessant need to connect to and through technology.
The baby boomers on the other hand, who by the way seemed to have been affected by the Recession in their own special way, tend to not be so drawn to the cutting edge of human-machine interface. This macro shift to innately integrate technology into business functions automatically puts the boomers at a disadvantage, and will further drive their attrition out of the labor market.
As nothing good happens overnight, this demographic changing of the guard is a slow and drawn out process. But, on the upside, The Great Shake Out 2008 – 2012 acted as a catalyst in moving the theatrics along.