Earlier retirement hurts later: Baby boomers' exit creates void as businesses face dearth of young workers
[8 December 2003 - Akron Beacon Journal] Early retirement policies and frequent cutbacks that target older workers help companies reduce costs, but could ultimately backfire when a big wave of baby boomer retirements creates a labor shortage. For decades, the policies of governments and private employers have encouraged early retirements. The thinking has long been that these policies are good for older employees, who should enjoy the fruits of a long working life, and they're good for younger workers, who are making their way up the corporate ladder. ...