Should GM change their approach to retirement benefits to ensure they have enough workers? How about a “phased retirement? program? Any other ideas? The Economic Policy Institute analyses the situation in The U.S. Born labor force will shrink over the next decade…
It is often underrecognized how much population aging is currently reducing the growth rate of the U.S. labor force and will continue to pull it down in coming decades. The share of the population that is over the age of 65 (when labor force participation tends to take a steep fall on average) is rising rapidly. This share was 12.4% in 2007, 17.9% in 2024, and will hit 21.2% by 2035
