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.
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