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Fewer Workers
August 24, 2008
Posted by: Carol
The working age population of 18-64 is expected to drop from 63% of the population in 2008 to 57% by 2050. That working population will be 55% minority in 2050, according to census estimates, a 21 percentage point increase from 2008. More than 30% of the working-age population will be Hispanic by then.
What does that mean to cities? If you are not developing all of your human capital to its fullest potential, you will be in trouble. If you are not attracting new talent, you will be in trouble. And if you do not find a way to extend the working age beyond 64, you will be in trouble.
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