I think the big story here is the retiring baby boom generation. There should have been a huge wave of retirements starting in 2010, but it didn't happen. The 1st boomers were born in 1945. We have had 1/2 million boomers have their 65th birthday every month for the last 10 years. A lot of this is 10 years of delays in retirement. Suddenly, with covid, it's no longer safe for that age group to come in to the office or workplace. In the power balance between labor and management, those retirements help tip the scale to the benefit of labor. And this isn't going to be a temporary situation.
I think the big story here is the retiring baby boom generation. There should have been a huge wave of retirements starting in 2010, but it didn't happen. The 1st boomers were born in 1945. We have had 1/2 million boomers have their 65th birthday every month for the last 10 years. A lot of this is 10 years of delays in retirement. Suddenly, with covid, it's no longer safe for that age group to come in to the office or workplace. In the power balance between labor and management, those retirements help tip the scale to the benefit of labor. And this isn't going to be a temporary situation.