Monday, January 31, 2011
By Mark Pazniokaswww.ctmirror.org
Economist Barry Bluestone: ‘Our goal should be to prove the census wrong.’ Ctmirror.org photoConnecticut’s leaders are understandably obsessing over the state’s fiscal crisis, but a prominent economist warned today 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.”
Click here for more of story
Posted 01/31/11 at 10:57 PM Permalink