While specific industries certainly face tight labor markets because of the graying workforce, some experts say companies would be wise to tune out sky-is-falling prognostications of a widespread talent shortage.
By Ed Frauenheim adine West is a living, breathing rebuttal to predictions of a massive U.S. labor shortage in the near future.
West is 73, sells homeowner and automobile insurance for a unit of financial services company First Horizon National Corp., and has no plans to retire anytime soon. What keeps West on the job is the sense of community she finds in her Memphis, Tennessee, office, as well as the satisfaction of making a difference.
Most people know very little about insurance, says West, who has spent four decades in the industry. "I enjoy helping and leading them."
There are other people like West in her company, her industry and in the U.S. economy. They are part of the reason why the alleged lack of talent looming from the aging of America is more a bogeyman than a legitimate worry for many companies.
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