so many boomers retiring/dying

Most of which are in bloated managerial staff. And humanity already can dramatically increase labour efficiency, it just doesn’t do it. Not because “humanity is not ready”, but because those, who benefit from capitalism, choose not to.

each much less experienced and capable than those they are replacing

Same as last always. Nothing changed.

This cannot help but put the lever of power in the hands of organized youth.

Eventual death of current old will eventually put lever of power in current youth.