Will there really be a labor shortage? | Zendy

Peter Cappelli | Zendy

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Will there really be a labor shortage?

Author(s) -

Peter Cappelli

Publication year - 2006

Publication title -

human resource management international digest

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.143

H-Index - 12

eISSN - 1758-7166

pISSN - 0967-0734

DOI - 10.1108/hrmid.2006.04414aaf.005

Subject(s) - economic shortage , baby boomers , demographics , labour economics , economics , split labor market theory , secondary labor market , demographic change , business , labor relations , population , sociology , linguistics , philosophy , government (linguistics) , demography

A number of studies have been released in recent years from prestigious think-tanks, such as the Hudson Institute, and leading consulting firms, such as Wyatt and McKinsey, predicting severe labor market shortages for the U.S. economy in the decades ahead. Some go as far as to suggest that the U.S. economy will experience widespread job vacancies that cannot be filled because of a shortfall of workers. In these arguments, the shortfall is typically blamed on the small size of the "baby bust" cohort, the generation that has followed the baby boomers into the labor market.

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