For years, we've known the day was coming when the baby boomers would retire from the workforce. The Silver Tsunami, a large wave of baby boomer retirements, is finally upon us. At the same time the boomers are leaving the workforce, we are experiencing a decline in the population size of the replacement generation - those that would fill the employment positions that retiring baby boomers are vacating. Put simply, we do not have enough skilled workforce to meet the needs of our local and regional companies - the companies that drive our economic vitality. All industry sectors are impacted - retail, commercial, health care, finance, insurance and manufacturing.
We, in Central Wisconsin, do not face this challenge alone. Communities around Wisconsin, and throughout the upper Midwest, face the same set of demographic challenges. Every community needs skilled and educated people to support their economic well-being. We live in a knowledge based economy. The valued currency in economic development now lies in the person and the knowledge they possess and practice.
Today, people have an abundance of choices. If a community or region does not offer what people desire, they will likely choose to relocate to a community that meets their needs. Due to the demographic shift, communities and businesses now face fierce competition for limited human capital.
Join us for the second of three informational sessions on this important topic. This session addresses how public education is repositioning itself in the changing demography.
Dr. Kristine Gilmore, Superintendent D.C. Everest Area School District
Dr. Keith Montgomery, Campus Executive Officer & Dean University of Wisconsin - Marathon County
Greg Summers, Provost & Vice Chancellor of Academic Affairs University of Wisconsin - Stevens Point
Dr. Lori Weyers, President Northcentral Technical College
Watch recordings from earlier programs in this series:
Media Release: The Wausau Region Chamber of Commerce reserves the right to use any photographs or video taken at any program or event sponsored by the Chamber, without the expressed written permission of those included within the photographs or video. The Wausau Region Chamber of Commerce may use the photographs or video in publications or other marketing materials produced, used or contracted by the Chamber.