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Robert Samuelson: Is The Labor Shortage Here?

2 1 0
26.06.2017

Do we have a worker shortage? Maybe.

For months, I've planned to write a column on the future of the U.S. labor market. Stacked on my desk are reports on "the gig economy," "independent workers," "contingent workers," "freelancers" and the like. All signify a new, less secure labor market. Workers won't have long-lasting career jobs, as the old post-World War II employment model promised. Now it's survival of the fittest. Workers who can adapt to constant change will thrive. As for everyone else, tough luck.

I never wrote that column.

The main reason is that I never felt certain that this widely prophesied labor market would prevail. Indeed, the postwar employment model might make a comeback. Demographics — the ongoing retirement of the massive baby-boom generation — would make experienced and competent workers prized resources. Because the labor force would be growing only slowly, many companies would try to stabilize their employment by offering career jobs with better wages and benefits.

I still........

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