Will Mass. see a recession or a slowdown? 5 predictions for the 2023 economy
Dr. Mark Melnik, director of the Economic & Public Policy Research group, discusses his thoughts on the 2023 economy with WBUR in Boston. He focused on workforce shifts.
Melnik said the pandemic accelerated shifts in the state's workforce. Currently, people 65 and older make up 13% of the Massachusetts population. In 2050, that number will be closer to 25%, he said. These residents are more likely to retire or reduce their work hours, which reduces the size of the overall workforce.
Read the article for more including some graphical dispalys.
Read article: Will Mass. see a recession or a slowdown? 5 predictions for the 2023 economy
January 05, 2023