Home » Economy » 'Severe' blue-collar worker shortage to worsen as baby boomers retire
'Severe' blue-collar worker shortage to worsen as baby boomers retire
Are workers feeling the ‘blue-collar boom’?
FOX Business’ Grady Trimble talks with blue-collar workers in Illinois and gets their thoughts on the U.S. economy.
Blue-collar industries like manufacturing and construction are facing a "severe" worker shortage that will only get worse as young people fail to fill positions vacated by retiring baby boomers.
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That's according to an 85-page report by the nonprofit business research group Conference Board, which blamed a "perfect storm" of longterm trends.
Young people, the authors say, are turning to college for white-collar job opportunities rather than trade school or apprenticeship opportunities in agriculture, mining, manufacturing, construction and transportation.
At the same time, many baby boomers, who make up much of the blue-collar labor market, have reached retirement or are on their way to retirement.
"While a lot has been written about the overall tightness of the labor market, much less has been written about severe labor shortages of blue-collar and manual services workers — the exact opposite of the trends in recent decades," Gad Levanon, vice president of labor markets at The Conference Board, told FOX Business.