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Montanans Getting Older – Business Needs to Plan Now

Even as Montana exits the current recession, another issue looms. Montana’s aging population poses a large challenge to our economic growth, particularly to certain industries, and this challenge can no longer be avoided as something that will occur in the far distant future. The aging workforce will start to affect Montana’s labor markets in the next few years, much sooner than other places in the country.

Although natural market mechanisms will encourage greater labor force participation through higher wages and greater opportunities, both workers and businesses will be forced to adapt to a more diverse and flexible workplace. Now is the time to plan for these changes by developing flexible worker training and adopting new workplace practices.

By Barbara Wagner, Economist

Montana Department of Labor and Industry http://dli.mt.gov/

Full Story: http://www.bigskybusiness.com/index.php?option=com_content&view=article&id=931:montanans-getting-older&catid=19:montanagovernment&Itemid=17

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