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Comment by fundad | Hacker News Reader

We haven’t been preparing for the massive retirement of the boomers. It’s tough in many cases where they spend their careers keeping younger people out of leadership.

Then they complain to national papers that workers aren’t hustling enough to get into leadership.

There will be volatility as a new generation takes over at companies. Each generation is larger and more educated than the last so demand will keep up.

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Get ready for assisted living and nursing salary to double. There’s already a shortage.

It'll just melt sideways, the owners will drain elderly for every penny and then ship them off to a medicare facility once they are poor.

This is already happening. Elder care facilities build themselves in the middle of expensive cities, charge $12k a month for negligible care, and once you have no more estate to suck down and take ownership of, they send you to a third rate facility and charge the government, still absurd fees, but at least less stupid.

I conspiratorially believe this is an intentional move to limit wealth transferring from boomers to younger generations as it normally would in the past, by houses being passed down and grandma dying and leaving stuff to youngins, because now all that is taken by "old age homes" instead of the younger generations.

Who says they are all retiring?

> massive retirement of the boomers

I guess it implies all. To clarify, the cohort of retirement-age workers with the means to retire is experiencing a sharp rise as predicted. That contributes some to a worker shortage that should absorb those affected by layoffs like these.

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