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A decline over twelve years is hardly "sudden" and would map fairly well to a generational change.


Indeed! This year is the midpoint of all Boomers retiring. There will be a labor shortage of around 300k workers this year, slowly increasing until 2034 to 900k workers.

COVID was simply the catalyst of getting a large lump of folks out of the labor force because they could retire (or died of any number of causes during the pandemic).




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