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Why are businesses struggling to hire?
Why are businesses struggling to hire? Some experts are blaming the pandemic which encouraged older working Americans to retire earlier than expected. Yes, it is true, “early-retirement decisions during the pandemic boosted by well-cushioned 401(k) accounts, have partly dampened the supply of older workers,” according to U.S. economist Lydia Boussour. “The virus significant health risks for the most senior workers and their lower ability to telework led many to opt-out of the workforce.” Click here to read Sam Ro’s article on the job market’s retirement wildcard.
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