Experience is a very important commodity for the job seeker. In fact, many job seekers feel that experience is so sought after, that is usually treated with more importance than education. This feeds into the idea that in the 21st century, overall emphasis and interest in education has waned. This is a problem because an imbalance has been created between the workers and the available positions. Many high skill positions remain vacant, while many lower skill workers remain unemployed. This worker/position imbalance causes damage to many modern communities and economies.
There was a fast increase in the quantity of workers that pursued post secondary education in the 20th century U.S. However, as of the 21st century, the number of workers with post secondary education has increased at a slower pace. As a result, an imbalance exists between millions of lower skilled workers and the many available high skill positions. Another factor, which will further exacerbate the problem, will be the generation of baby boomers, which will retire. These workers will take with them out of the labour force, the years of skill and experience they have amassed. These baby boomers represent at least fourty percent of the labour force. Though some will argue that younger workers will replace them, there are some factors to consider. One, the replacement workers will not have the same level of experience and ability. Two, there is a shortage of younger high skilled workers in many advanced economies.