Baby boomers are leaving the workforce in record numbers, leaving public schools in California and other states scrambling to fill teaching positions.
"We are starting to see a shift away from teaching as a permanent position and beginning to see folks treat teaching as a stepping stone along the path of their career," WestEd CEO Jannelle Kubinec tells the Los Angeles Times.
"Clearly, we will have to adapt to this new breed of professional, providing opportunities for them to work in their passion areas, strike the work-life balance they are seeking and deploy them in creative and effective ways to meet the needs of and engage the modern student," she says.
The "Gray Tsunami," as it's being called, is hitting especially hard because many of those leaving the workforce are in their 50s and 60s, while younger workers are in their 20s and 30s, the New York Times reports.
Dale Marsden, president of the California Association of School Business Officials, tells the Los Angeles Times that schools are having a hard time keeping up with teaching demands from today's students, who are expected to be more productive in the real world than they are in school.
"It's hard to teach when you're not teaching," he says.
"It's
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CEO of the Community Development Financial Institution (CDFI) Nonprofit Finance Fund and impact investment book author, Antony Bugg-Levine, explains the role of how philanthropy serves as a catalyst in impact investments.