Alaska’s population will decline by 2% before 2050, according to population projections through 2050. The report’s author, David Howell, notes that this decline is not necessarily cause for alarm. However, it will significantly impact the state’s workforce.
The number of workers in Alaska will decline steadily through 2030. Baby Boomers aging past 65 will lead to a loss of 7,000 workers in the next six years. This decline will not be evenly distributed across age groups. Millennial aging will lead to a drop of 29,000 in the 20-39 age group. Meanwhile, the 40-64 age group will rise by 21,400.
Furthermore, the report predicts a labor shortage. This shortage will result from fewer young workers moving to Alaska and smaller new generations. The number of young Alaskans from birth to age 19 is the smallest since 1991, at 195,700. This demographic will continue to shrink by 14% in 2050.
In contrast, Alaska Native populations will grow. By 2050, Alaska Natives will account for 35% of Alaskans, up from the current 22%. Alaska Natives will also see an increase in senior populations, which will grow 131% in 2050.
Additionally, the state’s workforce will face significant challenges. The labor shortage will require innovative solutions. Moreover, the state will need to invest in education and training programs. It will help prepare the next generation of workers.
The decline of the Alaskan population is a pressing issue. The state’s workforce will be impacted, and a labor shortage is predicted. However, Alaska Native populations are expected to grow. Addressing the decline of the Alaska population will require careful planning and strategic decision-making. So, the future of Alaska’s workforce depends on it.
This news source was originally published by Alaska’s News Source.
