Today’s children could prosper in tomorrow’s shortage of young workers
A welder works at a Manitou factory in June 2023 at Madison, South Dakota. Labor shortages in North Dakota and South Dakota could be harbingers of a shortage of young people in coming years. (Photo by Joshua Haiar/South Dakota Searchlight)
Today’s children could be the first generation since the 1970s to do better than their parents as young workers become more sought after and well paid. They may even see a surplus of housing to make their lives even easier after recent shortages.
An abundance of young workers will turn into an undersupply by 2040, with better pay and a surplus of housing, demographers predict.
