INCREASE IN MINORITY HIRING PREDICTED FOR '90s

American companies will be compelled to hire more blacks, Hispanics, and Asians this year and in the early 1990s. That's because the nation faces a growing labor shortage and intense competition for good workers, reports the Conference Board, a business research group. The labor supply will grow at a rate of less than 1.5 percent a year in the next decade. That's half the growth rate registered in the 1970s.

The Conference Board also expects management to be hiring more women and more older workers as young white males become scarcer.

``Employers will be under pressure to find new sources of employees,'' says Audrey Freedman, management counselor to the board. She notes that there are still 14 million women staying home all year to care for children and 3.3 million Americans who have taken early retirement.

Only 19 percent of the American population between 20 and 45 remains out of the work force all year.

The number of white men, aged 20 to 24, as a proportion of the civilian labor force will slip from 7.2 percent in 1976 to 4.4 percent in 1995. A similar decline will occur for those aged 25 to 29.

``We are operating at close to 100 percent of the capacity of the population to produce more workers,'' notes Ms. Freedman.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK