UGBA 10 Lecture Notes - Lecture 26: High School Dropouts, Baby Boomers, Offshoring

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 10
• Professor: John Briginshaw

Document Summary

Occurs in firms that are rapidly growing. A business has insufficient funding, or capital, to support its operations. Although undercapitalization can affect any business, it is particularly common and problematic for small businesses. Boomers in current workforce > other two generations. Proportion of workers 55+ is expected to increase from 13% in 2000 to 23% in 2030. Boomers reached retirement age in 2010 but didn"t retire as expected, waves started in. Fewer people entering the workforce than those leaving the workforce. 77 million boomers will be replaced by 66 million busters = 11 million person gap. Annual population growth has slowed from 3% in 1980 to 0. 8% today. Annual workforce growth slowed from 2. 6% in 1980 to 0. 6% today. By 2008, the number of young adult workers entering the labor force (25-40) shrunk by. Workforce is becoming more racially and ethnically diverse. By 2020, us population will be 63% white, 13% african american, 7% asian, 16%