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That shift may also mean greater need for skilled workers, making it necessary for older people to work.
After Brexit, Sir Steve said there would be even greater demand for skilled workers and the UK needed to show it was "open for business".
Formal arrangements like this are uncommon at American companies, and the momentum for such programs is greater during boom years, when there is a bigger need for skilled workers.
The American Society for Training and Development (2012) highlights the growing gap in the need for skilled workers in the United States.
Even as the need for skilled workers was increasing, India was devoting relatively fewer resources to producing them.
With educational levels falling among workers and the need for skilled workers increasing, companies must try harder to keep good employees.
This will increase the need for skilled workers even more.
We can do better than that and go a long way toward meeting industry's need for skilled workers with Americans.
They said their greatest demands for skilled workers are in IT, engineering, research, development and sales.
The Economist contrasted the "Great Stagnation" thesis with the "Great Divergence" which traces the pay gap to an increasing demand for skilled workers.
Of course, companies remain the engine of our economy with real needs - for example for skilled workers - which must be met.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com