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Monday, January 31, 2011

If ‘Demography is Destiny,’ Connecticut’s Future is Grim

By Mark Pazniokas

www.ctmirror.org

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Economist Barry Bluestone: ‘Our goal should be to prove the census wrong.’ Ctmirror.org photo
Connecticut’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.”

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Posted 01/31/11 at 10:57 PM  Permalink



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