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EconoMeter: Sluggish population means slow economy?

Does winter beach weather trump population growth in buttressing San Diego's economy?

Roger Showley, U-T SAN DIEGO

Friday, January 17, 2014

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Kelly Cunningham, National University System

Answer: NO

It is not so much slow growth, but the type of population growth that is the issue. We are losing a rising generation of workers in their 30s and 40s just entering more productive phases of their careers. Along with losing their skill sets, they take considerable spending power as well as their children to establish families and homes elsewhere. We are left with an aging workforce that will eventually exit the labor market leaving a significant skill gap. We are also increasing the population of un- or less-skilled workers unable to afford living in ever more expensive San Diego.