There’s a storm warning on the horizon, known as the silver tsunami, that’s calling for lots of gray… gray hair, that is. That’s because the wave of Baby Boomers, about 75 million of us born between 1946 and 1964 who account for 29% of the U.S. population, are getting older. And while some are heading off to retirement, many are remaining in the workforce.
“Sixty-two is no longer the stepping off point,” says Brian McNamara, president of Southworth. He’s right. According to the AARP, 69% of Boomers plan to stay on the job beyond the age of 65.
Boomers are pushing off retirement for good reasons; we like our jobs, we’re still healthy, and we like the social networking. In some cases, however, finances are the reason for staying because investments aren’t worth what they were before the economic downturn. Whatever the reason, this workforce trend is expected to continue. In fact, the Bureau of Labor Statistics predicts that the percentage of workers between the ages of 65 to 74 will increase by 83.4% between 2006 and 2016.
About the Author
Lorie King Rogers
Lorie King Rogers, associate editor, joined Modern in 2009 after working as a freelance writer for the Casebook issue and show daily at tradeshows. A graduate of Emerson College, she has also worked as an editor on Stock Car Racing Magazine.
Subscribe to Modern Materials Handling magazine
Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today
In light of the growth of e-commerce-and the fact that consumers and businesses are buying again, many of the discussions that we had at ProMat 2015 didn't revolve around the products and the equipment on display as much as it did the supplemental technology and solutions that are designed to optimize systems in an effort to work "smarter."
The new name better represents how the company strategically partners with customers on lifecycle planning to maximize return on investment.
PMMI used the EXPO PACK México stage to announce that beginning in 2017, EXPO PACK Guadalajara and EXPO PACK México will alternate years.
This one-day WERC educational and networking event will be held at the Grapevine Convention Center in Grapevine outside Dallas on Tuesday, October 13.
HyPulsion was founded by Plug Power and Air Liquide in 2012 to build the adoption of hydrogen and fuel cells in Europe. Plug Power is now poised to convert the $20 billion European material handling lift truck market to hydrogen fuel cell power.