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  • Economists see labor shortage as workers retire

    Boston Globe - 10/08/2014

    Rising poverty and income inequality pose major challenges for Massachusetts, according to the forecast. The state is home to a vibrant technology sector, boasting the highest educational attainment levels in the country and earnings per worker that are nearly 20 percent higher than the nation as a whole. But poverty and inequality have been rising, the report said.

    “Economic progress should manifest itself in falling poverty, but over the past 10 years, the trend in poverty rates has been up,” Clayton-Matthews wrote in the report. He suggested greater investment in the state’s “human capital” through programs such as early childhood education and workforce development could help close the income gap.

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