Monday, January 31st, 2011
Seems interesting appropriate for the Composition II student:
Connecticut’s leaders are understandably obsessing over the state’s fiscal crisis, but a prominent economist warned Monday that the bigger and more difficult challenge to its long-term economic health is anemic population growth and an aging workforce.
Barry Bluestone of Northeastern University told a Hartford audience that the state must continue smart-growth zoning policies that encourage denser, less expensive housing–a key factor in attracting a younger workforce.
While politicians often focus on taxes and a regulatory environment, a chronic labor shortage is ultimately more destructive to a region’s business climate and its fiscal stability, Bluestone said.
“Demography is destiny,” he told a forum organized by the Partnership for Strong Communities: “How the States Will Fight for Young Workers and Economic Growth.”
But we also shouldn’t forget about the seasoned workforce.