Workforce is aging but no need to panic

Forecasts overlook the ability of free markets to adapt
By David Brown
|Canadian HR Reporter|Last Updated: 09/05/2003

In the next few years there will be a large exodus from the workforce of retiring baby boomers, but pessimistic predictions about the effects may be exaggerated, according to a Canadian public policy think tank.

“Many studies are predicting difficult if not apocalyptic times as a result of these striking demographic transitions,” explained University of Ottawa economist Marcel Mérette in

The bright side: A positive view of the economics of aging