How can the labour pool shrink as the boomers retire? These vacancies must be filled. I also know of a number of people that are on contract to bigger business because they cannot find skilled people to do the job and they re-hire retired people on a contractual basis. At some point the person must actually retire and at some point, someone will have the education to take over. I don't know how it is where you live but where I live, everywhere I go, in even the most menial jobs, seniors are working. Some of them are obviously very senior. It boggles my mind when I see someone who is obviously in their late 70's standing in a store like Super Store, folding clothing. I don't think they are there because they want out of the house. They are there because that extra money over and above the tiny OAP helps them live a little. I know there are people here who would say that with careful planning, those kinds of people would not have to work. Well, **** happens and not everyone plans.
A couple of months ago, a man from China was talking to me at my work place. He conveyed to me that in Canada, businesses close down, 200 - 300 people out of work. China, business shuts down 600 - 800 people out of work. Really bad he says.
That leaves me to wonder how there could be a labour shortage.