Source: Fortune
Summary
The Baby Boomer generation has had a significant impact on the US economy, labor market, and housing market. As they retire, their departure is expected to trigger a radical reshaping of labor markets, with a shortage of new workers through 2040. In the housing market, Boomers own nearly twice the share of large homes as millennials, creating a supply shortage and affordability wall for younger families. In institutions, Boomer leaders have failed to develop succession plans, leading to a bottleneck in leadership positions.
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The strategy enters a familiar phase.
Boomers have dominated the US economy and institutions for decades, and their retirement is expected to have a significant impact. The labor market will face a shortage of new workers, while the housing market will struggle with a supply shortage and affordability wall. Institutions will need to adapt to new leadership and succession plans. The Boomers’ departure will trigger a radical reshaping of labor markets and institutions.
The question is whether anything is ready to take its place.
The pig is finally leaving the python, but the python is not ready.
Boomers have been the gatekeepers of opportunity, and their departure will create a power vacuum.
The next generation will need to navigate this new landscape and find ways to succeed.
Author: Evan Null
