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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.67-0.4%3:08 PM EST

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To: RetiredNow who wrote (64981)10/18/2003 8:51:49 PM
From: rkral  Read Replies (1) of 77400
 
mindmeld, re "Almost 20% of our labor force of 147MM will retire by 2008. "

I'm pretty sure that 20% is not a net number .. after considering the addition of young people to the labor force. The entire paragraph was ...

"The Department of Labor estimates that 26 million Americans will retire from the current 147 million person labor force by 2008 and 4.6 million jobs will go unfilled."

Assuming a modest growth in jobs available over the next 5 years, that really means the labor force will remain constant at about 147MM, IMHO.

Ron
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