Former Federal Reserve chairman, Alan Greenspan, has lashed out at America's younger workforce, saying they don't match up to the 'baby boom' generation.
Mr Greenspan said the U.S. is in the process of seeing the baby boomers, which he called 'the most productive, highly skilled, educated part of our labour force' retire.
'They are being replaced by groups of young workers who have regrettably scored rather poorly in international educational match-ups over the last two decades,' he added in the interview with Globalist.
He went on to say how the average income of U.S. households headed by 25-year-olds and younger had been declining in comparison to the average income of the baby boomer population.
Friday, July 15, 2011
'We're better off hiring skilled immigrants': Alan Greenspan hits out at young American workforce that 'doesn't shape up' to baby boom generation
The Daily Mail reports:
