In America, Boomers retiring will allow for promotions but even better, firms finally hiring 2 Millenials at 40K for entry level job head count allotment that an 80K Boomer was costing the firm.https://twitter.com/thespandrell/status/1032566008517521408 …
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I don’t know how much knowledge
@thespandrell has of the US labor market but firms have no replacements for skilled Boomers due to mothballing training programs to cut costs. Boomers kept getting raises and sucking in labor $. Training was ended & no slack allowed for entry level2 replies 0 retweets 0 likesShow this thread -
Replying to @ProBotWasher
Individual companies may be relieved, but Boomers sucking up pensions and Healthcare from the wider economy will bankrupt everyone. That's the experience of Japan.
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Replying to @thespandrell @ProBotWasher
I'm confident that those benefits will be cut as demographics change
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Replying to @Ponzi1945 @ProBotWasher
Not enough, not fast enough.
7:03 AM - 23 Aug 2018
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