there’s a potentially bigger employment crisis on the horizon: a severe labor shortage that is set to emerge over the next 10 to 15 years, according to a leading demographer.
Demand for young workers](This is the main reason some college grads are struggling to find work — and it's not AI - CBS News) is going to “explode” during that period, leaving employers with a shortage of qualified workers, according to Steven Ruggles, a professor of history and population studies at the University of Minnesota, and the creator of the Integrated Public Use Microdata Series, or IPUMS, the world’s largest and most widely used population database.
Methinks labor shortage should occur in 5 to 10 years. The last baby boomer is now age 62.
A wave of baby boomer retirements will coincide with smaller cohorts of young people entering the labor market, resulting in a smaller overall workforce
Hopefully robots will have developed to care for the aged. If not, large numbers of immigrants will be required.
Also pay will have to be increased to attract the most qualified employees in a labor shortage economy.
The cost of repair will accelerate just like healthcare as there will be limited workers. Customers will have a longer wait period before workers can be dispatched to a job.
Robots are now able to work in a factory assembling products. Can robots be programmed/developed to do single family plumbing, electrical and HVAC repair work?
Blah - AI will not replace construction workers, farm workers, military personnel, government workers, medical workers, computer workers, engineers/scientists, education workers, insurance workers, police/fire workers, lawyers/judges, food production/retail workers, restaurant workers, sex workers, entertainment workers, transportation workers, manufacturing workers …
No they can not do that because every house is unique, with plumbing, electrical and HVAC located in crawl spaces, attics, roofs and inside walls. There is no robot that can crawl on its back to change piping, electrical wiring and HVAC ductwork. Cutting into walls/floors/ceilings and rerouting piping, electrical wiring, is difficult for a human and impossible for a robot. You must be thinking about science fiction robots.
Heck, the Starship Enterprise still had to have humans changing the dilithium crystals and Scottie overseeing the whole thing. There are some things robots just can’t do. We have actual proof of it at least through the 22nd century.