Irresistible Force, Meet the Immovable Object

Irresistible Force, Meet the Immovable Object

Some important new numbers are out on the future of the US labor supply, highlighting how a confluence of factors—demographic aging, economic growth, and restrictive immigration policy—are conspiring to create historically tight labor markets in the coming years. The impacts of these trends on businesses and consumers will be pervasive, difficult to manage, and annoying. Americans, I personally regret to say, are getting older and starting to le…