The retirement of members of the baby boom generation is expected to cause a major U.S. labor shortage in the next twenty years.

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As per multiple studies and reports, the retirement of baby boomers is expected to create a substantial labor shortage in the U.S. over the next two decades. The generation born between 1946 and 1964 constitutes a significant portion of the U.S. workforce, and its members are reaching retirement age at a pace faster than younger generations can replace them in the labor market. This could lead to skill gaps, talent shortages, and higher labor costs, among other challenges for businesses and the economy as a whole.

The Retirement of Members of the Baby Boom Generation Is