Both a ‘skills tsunami’ and a ‘silver tsunami’ are set to hit the workforce at the same time, McKinsey says.

Businesswoman explaining presentation to colleagues in office (Credit: Morsa Images—Getty Images)

Batten down the hatches: Both a “‘skills tsunami”’ and a “‘silver tsunami”’ are on the horizon, according to a panel of McKinsey executives.

Back in 2010, the U.S. had around 12 million more unemployed people than it had job vacancies, senior McKinsey partner Anu Madgavkar said during the consultancy’s media day last week. “Despite the ups and downs of Covid, things are more normal now, but we still have a deficit—2.5 million more vacancies than job seekers.”