America’s workforce has a massive problem looming on the horizon, according to Hedgeye Demography analyst Neil Howe.
Looking at the absolute annual growth in the working-age population, the U.S. is headed for a slowdown unlike anything seen since the post-Civil War Reconstruction era of the 1870’s.
It’s a remarkable statistic that has Howe worried.
|
“We have four million Millennials coming into the workforce, but 3.5 million Boomers moving past age 65,” Howe explains in the clip above. “You can see the difference here between a demographically high-growth society and a low-growth one.” |
He predicts that growth will slow even further into the early 2020’s as more Boomers retire.
Watch the full clip above for more.
