Did you hear the one about the corporation that got rid of all its workers? Sure, they couldn't make products, but their labor costs were great.

A joke, but if the results come from not being able to get help, it's no laughing matter. Since 2010, according to the Pew Research Center, 10,000 baby boomers have been turning 65 on average every day and that trend was set to continue for at this point another six years. There's been pressure downward on immigration and the US birthrate has been falling. As a result, the number of unemployed people available for each open job has dropped from 1.6 in October 2007 to 0.6 in October 2022, by Bureau of Labor Statistics calculations.

Automation and AI can help, but there's still a shortage of people and, even more, skilled talent. That's what makes the Colliers report on emerging talent gaps and where workers are moving so interesting. The firm aimed to "uncover select cities that show potential to become new homes for skilled workforces in the increasing war for talent."