Expected wave of retirements from clinical laboratories might be deferred for several more years
Popular wisdom has been that, as they hit retirement age, baby boomers will leave the workforce in large numbers. Now a news report says that many baby boomers may defer retirement because of poor finances and too much debt. If true, that may be good news for clinical laboratories and pathology groups across the United States.
After all, baby boomers make up a considerable proportion of the laboratory workforce. Often with decades of experience at a single medical laboratory, they are highly-skilled and have extensive experience in laboratory operations and lab test interpretation. Thus, were the large majority of baby boomers to decide to retire as they reach 65 years of age, it could leave big gaps in staffing at many medical laboratory organizations throughout the country.