New York’s stagnant, aging population is killing job growth: report

Source: New York Post

New York’s stagnant and aging population is killing business expansion — with residents age 65 and older now making up nearly 20% of the state, according to a sobering report from Gov. Kathy Hochul’s office. The “Labor Markets” section of Hochul’s mid-year budget plan revealed that there are not enough younger residents to replace Baby Boomers leaving the workforce, thanks to “constraints in population growth.