The labor shortage employers are currently facing is obvious to anyone who’s recently eaten out at a restaurant or visited a retail store. Slow service, “help wanted” signs, and even businesses that are temporarily closed due to a lack of staff are increasingly common sights.
Although the labor market’s woes could be partially attributed to younger workers who aren’t willing to take on low-paying, service-sector jobs, another significant factor is the major exodus of older workers from the labor force.
