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Long before COVID-19 wreaked havoc on the economy, experts warned of two demographic storms on the horizon that would present major challenges for Wisconsin employers.
The retirement of Baby Boomers along with declining birth rates are the main factor behind so many Help Wanted signs, even with the pandemic still holding back some who lost their jobs from returning to the workforce.
According to the Pew Research Center, 76 million Baby Boomers were born between 1946 and 1964, while only 62 million Millennials were born between 1981 and 1996.
The pandemic sped up the decision to retire for many Boomers. As Boomers continue to retire, there simply are not enough people in the younger generations to take their place in the workforce.
Northeast Wisconsin businesses struggle to attract, retain employees amid labor shortage worsened by COVID-19 pandemic
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Smaller families, retirements behind so many help wanted signs
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