Steven Ruggles
Coverage of Steven Ruggles in the Nexus archive.
- Today’s children could prosper in tomorrow’s shortage of young workers
Today’s children may face a future labor shortage by 2040, leading to higher wages and more affordable housing. Labor shortages in North Dakota and South Dakota already show twice as many job openings as job seekers, with physical jobs like oil fracking and trucking being AI-resistant. Experts predict a demographic shift will reshape labor markets, potentially allowing young workers to earn more than their parents since the 1970s.
- Today’s children could prosper in tomorrow’s shortage of young workers
Labor shortages in North Dakota and South Dakota may foreshadow a national undersupply of young workers by 2040, potentially boosting wages and housing availability for today's children. Demographers predict this shift could lead to higher pay for young workers compared to their parents, similar to the 1970s, despite challenges like supporting aging boomers through taxes.