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TriMet’s generational problem

I’ve got a guest post today on Portland Transport, the amazing transportation policy blog hosted by man-about-town (and Portland in the Round board member) Chris Smith.

It’s about the departure of the baby boomers from the workforce, and the awful undertow that’ll create for TriMet’s budget over the next 30 years.

It’s heavy stuff, but I think it’s important. Here’s an excerpt.

real wage growth aging"To stay ahead of our graying workforce and falling birthrate, TriMet would need real wages to grow at five times the reasonable rate … forever. If wages don’t grow at the rate above, the agency will be trapped in its debts and service will suffer."

There’s already a ridiculously thoughtful conversation in the comments, of course. Hop on over and dig in.

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