As Baby Boomers move out of the workforce, there are not enough people to replace them.

We cannot help observing that companies are having difficulty hiring senior managers, yet many talented senior executives are seeking positions. Companies have not yet become accustomed to a scarcity situation. As Baby Boomers move out of the work force, companies also continue to push out senior managers over 50 and seek to replace them with managers in their 40s. But the next generation is far smaller than the Baby Boomer generation, so companies will eventually have to get used to working hard to retain and hire managers over 50, even in their 60s.