Montana Economy At a Glance 2005 Oct
Montana Economy At a Glance 2005 Oct
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Figure 3 shows that Montanans between the ages of 20 and 54 already participate at high rates. If more workers 55 and older were encouraged to continue working, the labor force would be less likely to decline. Finally, if immigration increased more than the census currently estimates, then the labor force could continue to expand. Increased immigration could result from either wages being bid up to attract out of state residents, or through changes in immigration law making it easier to immigra...te to the United States from other countries.
If current population and labor force trends continue as expected, a future labor shortage is probable, and Montana businesses need to plan accordingly. This may mean finding new ways to retain potential retirees, such as offering phased retirement or job-sharing programs. It also means making more effective investments in capital and new technologies. As always, it is the businesses that can innovate in a changing market that will prosper.
Figure 4.
What to read after Montana Economy At a Glance 2005 Oct?
You can find similar books in the "Read Also" column, or choose other free books by Montana.Dept. of Labor And Industry.Research And Analysis Bureau to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Figure 3 shows that Montanans between the ages of 20 and 54 already participate at high rates. If more workers 55 and older were encouraged to continue working, the labor force would be less likely to decline. Finally, if immigration increased more than the census currently estimates, then the labor force could continue to expand. Increased immigration could result from either wages being bid up to attract out of state residents, or through changes in immigration law making it easier to immigra...te to the United States from other countries.
If current population and labor force trends continue as expected, a future labor shortage is probable, and Montana businesses need to plan accordingly. This may mean finding new ways to retain potential retirees, such as offering phased retirement or job-sharing programs. It also means making more effective investments in capital and new technologies. As always, it is the businesses that can innovate in a changing market that will prosper.
Figure 4.
What to read after Montana Economy At a Glance 2005 Oct?
You can find similar books in the "Read Also" column, or choose other free books by Montana.Dept. of Labor And Industry.Research And Analysis Bureau to read onlineMoreLess
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