Maryland’s first State of the Economy report finds almost a decade of stalled economic and population growth
Last week (Jan. 3), Maryland’s state comptroller released the state’s first State of the Economy report.
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Pandemic compounds manufacturing workforce shortage, robots not filling the void
Manufacturers in the U.S. have been facing workforce shortages despite nearly six years of recent job gains in the sector. Those gains and more have been wiped out by the Covid-19 pandemic, compounding the labor shortage problem for a sector that has often struggled to keep pace with the changing demands of technology. However, this exacerbated labor shortage shows that robots are not taking all the jobs, only increasing the level of tech skills workers need to do their jobs.
Automation could increase economic divide between urban areas & rural communities
The continuing trend toward automation could widen the disparities between high-growth urban areas and rural counties at a time when workforce mobility is at historic lows, and the current economic health of urban, suburban and rural economies will impact their ability to adapt, according to a new report from the McKinsey Global Institute: The Future