Technology and automation could replace millions of jobs in the next decade, with a December estimate from the White House suggesting 3.1 million jobs could be replaced in transportation alone. Robotics spending is expected to hit over $135 billion by 2019, according to International Data Corporation. What could this mean for the job market?
While estimates suggest almost 4 million Boomers retire per year, survey after survey indicate that more Americans plan to continue working well into their retirement years. Employers who are currently scouring the labor force for available talent would be wise to tap into the older workforce, according to one workplace authority.
“I do think companies are aware that the best workers are more in the driver’s seat,” said John Challenger, chief executive of Challenger, Gray & Christmas, an executive outplacement firm. “Companies know that if they lose someone they value, it’s harder to go out and replace skilled workers in a low-unemployment environment.”