Rather than relying on mass immigration to fill phantom ‘labour shortages’ – in turn displacing both young and older workers alike – the more sensible policy option is to moderate immigration and instead better utilise the existing workforce as well as use automation to overcome any loss of workers as the population ages – as has been utilised in Japan.
Source: Use Spare Older Workers to Overcome ‘Labour Shortages’ | naked capitalism
The referenced article describes the situation in Australia but is a worthwhile read for those of us in the US.
“Spare older workers”. I like that.
Chuck and Barb found that they had a lot in common with their fellow workers, who came from all corners of the United States. Many had seen their retirement savings vanish in the stock market or had lost homes to foreclosure. Others had watched businesses go under or grappled with unemployment and ageism. A larger number had become full-time RVers or vandwellers because they could no longer afford traditional housing—what they called “sticks and bricks.” They talked about how Social Security wasn’t enough to cover the basic necessities and about the yoke of debt from every imaginable source: medical bills, maxed-out credit cards, even student loans.
Source: What Is CamperForce? Amazon’s Nomadic Retiree Army | WIRED
I was delighted and surprised when I found Nomadland by Jessica Bruder available for loan at my local library. So I downloaded the book and have been reading stories of the forgotten victims of the 2008 financial crisis. I feel lucky and blessed to be where I am at the present time. Life for me could have turned out a lot like the people profiled in this book.