Spectrum News: Economic effects of Ohio’s falling population
UC professor says more jobs are coming to the state but finding workers could be an issue
The population of Ohio has fallen in recent years, which a University of Cincinnati economics professor told Spectrum News could be a concern for the state’s employers.
In each of the past three years, Ohio has had more deaths than births. The Ohio Department of Development predicts the state, which currently is the seventh most populous in the United States, will lose almost 6% of its population by 2050.
Erwin Erhardt, PhD, an associate professor - educator in the economics department of UC’s Carl H. Lindner College of Business, said the falling population could be a future concern for Ohio’s economy.
“There’s more and more jobs coming to Ohio, but I guess one of the concerns I have in my mind is will we have enough younger people to fill them,” Erhardt said.
Featured image at top: Ohio welcome sign. Photo/fotoguy22 via iStock
Impact Lives Here
The University of Cincinnati is leading public urban universities into a new era of innovation and impact. Our faculty, staff and students are saving lives, changing outcomes and bending the future in our city's direction. Next Lives Here.
Related Stories
WCPO: UC economist says wages can’t keep up with inflation
March 22, 2022
Multiple disruptions to the U.S. economy are posing problems for consumers, according to Michael Jones, PhD, associate professor of economics at the University of Cincinnati Carl H. Lindner College of Business.
The benefits and downsides for 'forever renters'
May 29, 2024
A growing number of people expect to rent their entire lives instead of buying a home, which presents potential benefits and downsides for these “forever renters,” University of Cincinnati professors told Business Insider.
Spectrum News 1: Inflation reaches 40-year high
April 13, 2022
A number of factors have caused inflation to reach a 40-year high, but it won’t be a permanent problem, University of Cincinnati economics professor Asawari Deshmukh told Spectrum News 1.