Special Report

Preparing for a Silicon Valley Retirement Surge

October 2017

Silicon Valley has a rapidly aging population and will soon face a surge in retirements, leaving a large number of job vacancies. This will occur at a time when job growth is expected to continue, albeit at a slower rate than in the booming post-recession recovery period and subsequent high-growth period of 2013-2015, and also a time when the region’s birth rate remains relatively low – limiting the number of local youth entering the workforce.

This report takes an in-depth look at the trends in labor force participation in Silicon Valley, identifies likely trends in the retirement of older workers to 2025, and discusses high-level implications for workforce policy.