The U.S. labor force is shrinking due to declining birth rates, reduced labor participation, and a reversal in immigration, leading to a “forever-tight labor market.” Employers cannot rely on automation alone but must adopt employee-centered strategies, including redesigning hiring to value untapped talent, improving job quality with better pay and growth opportunities, and supporting workforce-strengthening public policies. These steps are essential to address talent shortages and sustain economic growth amid long-term labor supply challenges.
https://thereader.mitpress.mit.edu/the-workforce-is-shrinking-automation-alone-isnt-the-answer/