An aging population forebodes a tighter talent market

As the baby boomers retire, and millennials enter the workforce, the national labor market will grow tighter and tighter.  As the maps below demonstrate, the age group of 65+ is growing relative to the population in general.  This is a national trend, and as you can see on the maps below, age distribution will continue to skew older locally as well.

Additional impact will be felt within the labor force as many of the low skill jobs will be replaced by automation over the next 5-10 years–making skilled workers all the more valuable.  As a community we must continue to focus on retaining and attracting a skilled and educated labor force if we hope to compete nationally.

Wisconsin Population Ages 65+