IN A RECENT article in The Chronicle Herald, Dalhousie University’s Jim McNiven discussed Nova Scotia’s need for more people to stay in the workplace in the coming years.
McNiven pointed out that as baby boomers retire, more jobs will go unfilled. The potential retirement of legions of boomers, combined with the lower birthrate across Canada, means the economy could be hobbled by a labour shortage.
McNiven is correct in his assessment. If baby boomers retire in droves, there will not be enough remaining workers to take up the slack. He expressed concern that many firms will lose business due to a lack of staff and will have to bypass good business opportunities because they will not be able to provide the goods or services needed.