Alaska is seeing a decreasing working-age population for the 9th consecutive year.
ANCHORAGE, Alaska -
“Typically our working-age population has been constantly growing since about World Ward II,” Sandberg said.“Starting around 2012, 2013, baby boomers started, the front end of the generation started to pass the age of 65. So, that played a part in the shrinking,” Sandberg said. “About the same time as the baby boomers started to age out of the demographic, Alaska’s net migration turned negative.
Yet, Sandberg notes the aging population and net migration, to have had the largest impact. The combination has been creating a double-whammy effect, impacting nearly every corner of the state. According to Sandberg, a continuation of a dropping working-age population could result in both short-term and long-term economic consequences, ranging from lower consumer demand, labor shortage and impacting the state’s economic overall growth.
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