“Things turn out best for the people who make the best of the way things turn out.” – John Wooden
A recent Dallas Morning News article suggests that the bust in the economy may become a boom for job seekers. “As boomers retire, a gap of 4 million jobs is possible. With millions of unemployed people across the country struggling to find work, it may seem unbelievable that there could be more jobs than workers to fill them in the coming years, but a new report predicts exactly that, Ruth Mantell wrote. Based on population growth and the current labor force participation rates – and assuming no major changes in immigration – there will be about 9.1 million additional workers over the same time period. Taking into account multiple-job holders, the total number of jobs expected to be filled is 9.6 million.
As I’ve told you before, we’ve been exceptionally lucky that not all qualified boomers decided to take their retirement as predicted – taking with them 80% of the business experience and leaving the X&Y generations to manage and still expecting required flex time. It will be interesting to see what the breakdown and percentage of generation, diversity and cultural will be in 2012.
Another factor to watch will be the demographics that may be affected by the segment of people who have become entrepreneurs – creatively starting small companies. Will they succeed? Will they merge? What do YOU think?