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The U.S. Workforce is Aging
The U.S. Workforce is Aging – And It’s Not Evenly Spread
New Census data confirms what many of us in site selection have suspected: the American workforce is aging fast, and the impact varies widely by industry.
Age by Industries
Workers 55+ now make up nearly a quarter of the labor force.
- In Utilities, 80 percent of firms say at least a quarter of their workforce is over 55.
- In Hospitality, it’s closer to ten percent.
That spread matters.
On paper, some markets still look rich with experienced talent. But when you factor in retirement timelines, that same talent pool can shrink quickly.
We’ve seen companies move forward with locations that looked strong at first glance, only to find that most of the workforce they were counting on would be gone within a decade.
This is where site selection becomes strategic instead of transactional. It’s not just about incentives or real estate. It’s about understanding whether a community can sustain your talent needs over the long term.
Your next location decision isn’t just about real estate—it’s about securing the talent and incentives that will fuel your growth.
Ready to make your next move your smartest move yet?
Partner with experts who know how to negotiate beyond the basics. Connect with us today and let’s build a site selection strategy that delivers long-term success.
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