Life in the 2020s: Slower growth will be the new normal in Minnesota
January 1, 2020
The accumulated effects of previous growth rates will widen the gap between slow growers like Minnesota and fast ones like Texas and California.
Minnesota’s population will grow more slowly than ever in the 2020s, a development that will tug on the lives and fortunes of everyone in the state.
The Minnesota economy will also be squeezed as the last baby boomers retire in the decade. The 3 million-person labor force will essentially stop growing in the first five years of the 2020s, demographers say, and pick up only slightly after that.