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Worker Shortage.pdf

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Preview of Worker Shortage
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📊 Size: 1.3 MB
📄 Pages: 12 pages
⬇️ Downloads: 113

Summary

Wisconsin faces a worker shortage due to a lack of young people to replace retiring baby boomers, with a ratio of 0.87 residents under 16 for each resident 50-64 years old in 2017, indicating a shrinking labor pool. The state has not attracted enough workers from other states, losing 30,000 young adults and population among older groups between 2010-2015. This creates a long-term problem for workforce growth, with a significant drop in net migration of children to the state. Wisconsin's birth rate has fallen, resulting in fewer people entering the workforce than leaving it, and the state must rely on migration or higher labor force participation to grow its workforce.

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Description

Wisconsin faces a worker shortage due to a lack of young people to replace retiring baby boomers, with a ratio of 0.87 residents under 16 for each resident...

Technical Information

  • File Format: PDF
  • File Size: 1.3 MB
  • Pages: 12
  • Language: EN
  • Total Downloads: 113
  • Last Updated: 16 hours ago

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