Five Ways Boomer Retirement Will Impact Manufacturers

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1. A Major Workforce Shift


Image Source: Next Avenue

Perhaps the most direct effect manufacturers will feel is boomers increasingly leaving the workforce to settle into retirement. 31% of the U.S. workforce is made up by baby boomers, and as they retire, many industries are anticipating a moderate to significant labor and skills gap, especially in leadership positions. This includes those companies in the manufacturing sector that have already had a hard time finding younger workers with STEM skills. Some are hoping that automation and other forms technology will help lighten the impact of a growing skills gap, but it’s likely to remain an issue for many industrial companies.

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Lisa Myers

Is a blogger with an interest for all things mechanical. She is a full-time mom with three active boys, who loves encouraging them to explore the world of science and engineering. They spend a lot of time together playing with Legos.

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