re: Powell no longer believes inflation will reduce

quote:

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They also refuse to retire or bring in young people to learn their career and trades in fear of being replaced.

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This is something that is rarely talked about.

Boomers are holding positions well into their 70's.

Bottlenecks promotions and while I respect all of the hard work they've done over the years, past retirement age, they are eating up a ton of money in payroll by collecting a ridiculous paycheck while contributing nothing of value (while everyone actually carrying the water is unable to move up). That and they are incredibly difficult to work with and rarely adapt to their work environment.

It's why I laugh when boomers call other generations entitled.