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Economists now confirm what hiring managers have long suspected: The US is facing a Forever Labor Shortage of skilled workers. A rising wave of Baby Boomer retirements, combined with a tech revolution that is dramatically changing the workforce talent needs of employers, means the current hiring crunch is expected to continue for years.  The Congressional Budget Office projects the potential labor force to expand by a mere 3.6% between 2022 and 2031 — one-eighth of the pace in the 1970s. Over the following decade, that growth is projected to slow even more, to 2.9%. That means employers face decades of an essentially stagnant labor pool. This white paper discusses how employer solutions such as creating skills-based organizations, internal talent marketplaces, an upskilling culture, and skills-focused job promotion, center on one reality: It’s almost always better and cheaper to build talent internally than to buy it externally through recruitment and hiring.