The number of 18-year-olds is about to drop sharply, packing a wallop for colleges — and the economy
The diminishing supply of young people will contribute to “a massive labor shortage,” with an estimated six million fewer workers between now and 2032 than there are jobs needing to be filled, according to the labor market analytics firm Lightcast.
If only someone had been predicting this …
- College admission will be easier for the younger generation as colleges admit more applicants
- This past year saw announcements of sharp tuition reductions or even elimination by many well-known universities
- Jobs will be easier to get
- Pay will go up
It’s going to be a great time to be a young person.
