December 15, 2022

Report: Mass. Economy Threatened by Demographic Shifts

Michael Norton ,

State House News Service / Banker and Tradesman

The Massachusetts Taxpayers Foundation, in a report released Wednesday, said the state’s population was aging and growing at a slower rate before the COVID-19 pandemic, but the trends have been “exacerbated” by more employees being able to work remotely and move to take new jobs in a tight labor market.

MTF President Eileen McAnneny said the state’s talent pipeline is contracting, a threat to sectors that have traditionally helped the state economy motor along, like higher education and health care.