BUSINESSBATON ROUGE BUSINESS REPORT
What a future shortage of young workers might mean for the US economy
Demographers predict a future shortage of young workers by 2040 could drive up wages as retiring workers outnumber new labor force entrants. Worker shortages are already affecting industries like energy, construction, and healthcare, while potential housing surpluses in states like Florida and Texas may lower prices. Experts caution uncertainties remain due to factors like immigration and AI's impact.
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