U.S. Labor Secretary Elaine L. Chao Addresses Challenges Of Aging Workforces

U.S. Labor Secretary Elaine L. Chao delivered an speech at the G8 Conference in London, addresseing the challenges Of aging workforces. She called for "solutions that would allow older workers greater flexibility in determining their work lives and increase the pool of available older workers to meet projected growing demand for workers." According to Chao, increasing the opportunities for older workers is one way to meet the projected increase in demand in several high-tech, high-skilled fields within the U.S. service sector-—including health care, biotechnology, education, financial services, high-tech manufacturing, retail services, skilled trades and geospatial technology.

Source: News Release U.S. Department of Labor (March 9, 2005)