It is no secret that the economy is suffering from a lack of workers since the pandemic took ahold of the country 18 months ago. There are many reasons for this, mainly because of the fact that many Baby Boomers are retiring. Without the wisdom of this age group and the myriad of lessons they can teach the younger workers, the country is falling further behind in terms of worker skill levels.
Why Boomers are Retiring
In a time when America needs the wisdom and insight of its seasoned workers, Baby Boomers are leaving their jobs for a variety of reasons. According to the Bureau of Labor Statistics, “More than 1 million older workers have exited the workforce since COVID-19 struck the US in February 2020.” Psychologist Anthony Klotz has coined this the “Great Resignation”.
So why are older workers leaving in a “Great Resignation”? Clearly the risk of the coronavirus itself is a big reason, especially for people in this age group who may have preexisting conditions. The Los Angeles Times reported, “Roughly 1.5 million Americans cited COVID-19 as the main reason they…
