By Michael Randle
At the same time the Baby Boomer generation ages out of the workforce in huge numbers, the Millennial generation now owns the lowest fertility rates of any generation in American history. In fact, the U.S. population has not grown by over one percent since 2002. That is not a good combination for the U.S. economy. In short, many of the workers who are retiring are not being replaced.
So, what do we do to replace those aging out of the workforce? There is only one answer to that question. . .embrace immigration and pass comprehensive immigration reform. Recent legal immigrants are far more educated than the U.S. population. But less-skilled immigrants are equally as important.
According to the Bureau of Labor Statistics (BLS), 115 million workers in the U.S. were employed in jobs that do not require a Bachelor’s degree. That’s 74 percent of the entire workforce. In addition, about 24 percent of all jobs are those that do not require any educational attainment.
As for the future, it looks like more of the same, according to BLS. In 2026, 73 percent of all jobs — 123 million — will not require a Bachelor’s degree and 24 percent of all jobs will not require any educational attainment.