In Future, Hispanics Will Be Key to Older Workforce
According to the Urban Institute report “50+ Hispanic Workers: A Growing Segment of the U.S. Workforce,” Hispanics make up one of the fastest growing segments of the country’s older population, making them an important demographic for employers. In the report, Richard W. Johnson and Maurcio Soto examined the contributions these workers make to employers and the economy, determining that the overall characteristics of the group should make them very appealing to employers.
Johnson and Soto begin the report by asserting that as Baby Boomers age, the traditional labor pool — made up of workers ages 25-54 — is “stagnating.” The best way to combat that problem, they say, is to look to older workers: “Older adults, whose numbers are soaring, provide a potential solution to employers who seek the experience, knowledge, and skills necessary to get through these tough times. By ensuring that their workforces include experienced and knowledgeable older workers, employers could prevent the loss of key skills and institutional knowledge that could damage their organization’s current and future competitiveness.”



