Phil Scott: “Vermont's ratio of older residents to working age people…”

“As the JFO points out, this can mean higher per pupil costs, declines in income and sales tax revenue, and increased demand for services like health care. They conclude if nothing changes, and I quote, Vermont's ratio of older residents to working age people will continue to rise, placing a greater burden on workers. to support both young and old. If this sounds familiar, it's because you heard it from me in 2017 when I said the biggest obstacle we face to economic sustainability is a shrinking workforce.” (20:00–20:09)

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