Outskirts Press, INC.

Older Workers Are Needed to Fill Mounting Job Vacancies

The disruption of U.S. labor markets starting with the COVID crisis has dramatically changed the working lives of millions. In the early months, with businesses closing it was layoffs and discharges. Then the shift to working remotely prompted workers to reassess their jobs and work experience. Over 50 million ‘quit’ in 2022. Working remotely accentuated their job dissatisfaction. Many continue searching for better jobs.

Older workers – 55 and over — accounted for a high percentage of those who lost their jobs. Many looked but could not find a new job and opted to retire, often years earlier than planned.

Today employers in every sector are confronted by unparalleled job vacancies. For the first time, there are more vacancies than job seekers. Demographic trends add to the problem – fewer young workers are starting careers while large numbers of Baby Boomers are retiring.

Other developed countries are experiencing similar demographic trends and vacancy problems. Aging populations are a global pattern.

Re-hiring older workers is the only near-term answer. They have the skills to become productive quickly. Their experience also makes them better at solving problems. And many have a better work ethic. The millions of professionals who work into their 70s – physicians, lawyers, consultants, and entrepreneurs – prove older workers can be solid performers.

Older workers are no different. They want jobs that provide additional income and where they are valued and respected. They benefit from their relationships with co-workers. This book argues for creating jobs that induce retirees to return to work.