Posted by Gregg at 02:07 PM in Human Capital Is the cover of this month's Business 2.0 which heralds the coming job boom supposed to make us feel better or is it just merely a case of using statistics to tell any story the author would like us to believe? The premise of the cover story is that aging baby boomers will create a shortage of workers as they leave the labor market to retire. They leave out just a couple of critical factors like the movement of "less skilled" jobs to countries with a cheaper labor supply and that US workers who have lost these jobs to call centers in Ireland and software development shops in India will have to learn new skills. What's coming is not so much a labor shortage as a redistribution of Human Capital.

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