Outmigration and the Labor Force
Boston University researchers just released new demographic and financial outmigration data that is cause for concern about recent trends in the Massachusetts labor force. Among the key facts from the BU research are: In the last decade, annual net out migration has increased by a stunning 1,100 percent to 39,000 people. There is a growing exodus of prime-age workers (24 to 54) High wage earners are leaving Massachusetts, too. The incomes of over half of those leaving the state range from 1.3 to over 2.6 times the state average. Wealth and tax revenue collections are leaving with them. The report of Prof. Mark Williams and graduate students Yuhan Liu and Linglan Xu at the Questrom School of Business builds on […]