I was expressing my guilt with the decision to have only one child to a very close friend of mine, and she emailed me this article to read. I found it extremely comforting, debunking many of the preconceived notions I had that by stopping at one I was somehow subjecting my child to a life of solitude, destining her to become a spoiled and selfish being with little to no intellect.
But this is not why I am blogging about this article.
The workforce is dwindling because of parents who, like me, choose to have just one child.
I’d long ago been aware that the number of people entering into the workforce is not enough to make up for those retiring. There are several reasons for this, including baby boomers not having as many children. And now we have yet another – the rise of the onlies.
Even more interesting is that this trend is not just within the United States. By 2030 Europe, according to the article, will lose an additional 4% of the workforce-aged population while the retiring population will swell by 40%. The next generation in Germany and Austria may see a higher proportion of single-child families than multiple-child. Who will make up the workforce?
We hear many companies trying to get ahead of this workforce crunch, such as creating programs to bring back Retirees for short-term projects or part-time work. What else are companies doing to help prepare for this workforce shortage?