Remember why it was called the baby boom. There's a lot of them, especially in certain industries and sectors like government. Cities run utilities, right?
There's the combination of population size of generations, desire (lack of) to work with hands or in certain jobs.
Folks were starting to take this seriously until the Great Financial Crisis delayed the retirement of millions by 13-15 years. Now that time is back upon us.
The market will address this through automation, AI, and wage incentives.
AI cant do some of these mechanical things. They already have automation where it can be. This economy is in for a shock if it cant find the right people to man these jobs.
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Correct, but the U. S. has way more service jobs, where AI can easily replace many millions.