The SF Business Times has a great article on the impending crush of retirees which will be exiting the labor market in the upcoming years.
I represent tech and non-tech clients and am beginning to worry that the workforce will forever be changed as it becomes very difficult to replace these workers.
Let's face it, today's youth are lured to the perks and financial gain of working in tech. Who doesn't like catered lunches, beer on tap at the office, ski trips, and stock options? Even if the company flames out, you still had a blast and got to work with a youthful and in many cases, attractive group of people!
In CRE, we are seeing very few college grads entering the business. Part of me is glad for in the next decade or two, there will be less competition for assignments and requirements. However, many CRE firms will face extinction as they cannot maintain a stable of agents and support staff.
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