The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire
Baby Boomers, a large demographic cohort, have significantly influenced the U.S. economy for decades by distorting labor markets and housing prices. Their prolonged presence in the workforce suppressed wages for younger generations, and their ownership of larger homes has limited housing availability for millennials. As this generation now enters retirement, their departure is expected to create a substantial worker shortage and reshape labor markets, leaving younger generations to manage the economic transitions they initiated. AI
