The End of Job Growth

New Geography reports:

Pew Charitable Trusts recently posted an analysis of population projections that show several states with stagnant to declining workforces.

This means that for nearly 20 states, it’s basically impossible to add jobs in the future. How can you add more jobs with fewer workers?

That doesn’t mean there won’t be cyclical ups or downs or that some slack in the system might be taken up with some growth, but overall, stagnation to decline in jobs is going to follow.

Pew’s article mentions states fighting to retain a high skill labor force, but this doesn’t seem very likely. Most of these places are in the north and northeast and have been stagnant for a long time.

What’s going to change the migration of population to the South and West? While change is always possible, it’s not obvious what might cause it.

An article, well worth your time.