UGBA 10 Lecture 1: Lec 1 8.25.17
31 Aug 2017
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Us population will increase 22 -> ~340 million. Population is getting older (34% -> 38% that are 55+) There will be increased shift to healthcare and tech related services as the pop gets older. As the workforce becomes more diverse there will be more conflicts. This is just the basic ones as it can be outsourced to other countries i. e. india, but computer developers are still a growing job. This can put about 50% of the us jobs at risk. At risk type of jobs: aka easily automated. Experienced, independent, latch-key past, self-directed, tech savvy, Baby busters (b. 1965-1983) 34-52 years wealth-oriented, heterogeneous. Inexperienced, low commitment, self-directed, tech dominant, indep, interest-oriented. 33mil boomers, 66 mil busters, 55 mil boomlets. Instead of retiring @ 65+ -> mid-70s. Workers 55-74 33 mil -> 40 mil in 2024 than those leaving. The workforce is getting smaller- fewer people entering the workforce. 11 mil gap (77 mil boomers replaced with 66 mil busters)
