Participants should be aware of the following financial/non-financial relationships:
Ron Hetrick, MS: Disclosure information not submitted.
The US is suffering the beginning stages of a sansdemic: a lack of people to do all the work that needs to be done. Between 2011 and 2021, nearly every county in the US saw declines in its working-age population. The 2020 census shows that 16 states saw net population decline over the past years—the worst numbers since the Great Depression. Employers and higher ed are already feeling the pain but the people shortage is only projected to get worse. So how did we get here? What are the economic ramifications? And is there anything we can do about it?
As lead author of The Demographic Drought, Hetrick answers these questions by analyzing past, present, and future workforces. From baby boomers to millennials to the 2020 Baby Bust, we track the rise and fall of America’s population and labor force participation rate. We also outline how employers and higher education institutions can survive the sansdemic when it hits in force.
Learning Objectives:
Define the meaning of "The Demographic Drought" as it relates to your practice.
Summarize factors contributing to the current labor crisis in healthcare.
Discuss the ramifications of workforce shortages and what employers and higher education institutions can do for future workforces.