Wisconsin`s aging workforce threatens the state`s economic vitality, but there are solutions available

For many years, Wisconsin’s demographic trends have pointed to an impending storm on the horizon: a population of seniors that was projected to grow rapidly with almost no increase in working-age residents — the people who are critical to a state’s productivity and ability to fill and create jobs.

A recent report by the Wisconsin Policy Forum shows these projections have started to become reality, signaling challenges ahead for the state’s workforce and economy. After peaking in 2011 at 3.6 million, Wisconsin’s working-age population has receded by more than 35,000 (or 1%) since, according to U.S. Census data. In fact, the state’s working-age population has declined slightly in each of the last four consecutive years. While relatively small, this string of losses reverses a long-term growth trend and comes amid already low unemployment....

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- - Volume: 7 - WEEK: 42 Date: 10/17/2019 6:29:03 AM -