Wednesday, May 16, 2007

todays work force in the U.S

the work force in the united states is apparently getting older, which brings up the whole issue with social security. "An analysis of data from the U.S. Census Department shows that the employed work force in southwestern Pennsylvania is slowly getting older. The percentage of the region's jobs held by 45- to 64-year-old workers appears to be rising, while the percentage of jobs held by 25- to 44-year-old workers appears to be falling. Comparing the age distribution of the Pittsburgh region's work force to the average age distribution of the seven peer regions provides a striking perspective on the work force pipeline. Southwestern Pennsylvania has a "50/50 Problem": the region has 50,000 more older workers and 50,000 fewer younger workers than its average peer.As these older workers retire during the next two decades, our work force will be younger, but it will be smaller, unless we can rejuvenate our work-force pipeline or uncover other solutions. Since the region lacks in-migration and natural population growth, we will not be able to maintain our current economy without more (and younger) workers. On a positive note, the possibility of tens of thousands of job openings creates opportunities for younger workers and provides more depth in the job market and more prospects for career advancement. These opportunities can be drivers of economic growth that will attract talented workers to the region.

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