Average Age of Electricians in US? 60

Yahoo Finance had the CEO of Forge, Mark Kasdorf, as a guest last week and what caught our attention in the video was something Kasdorf said:

 I think the latest numbers are really interesting and really unsurprising, in many ways. I think what’s more interesting is we’ve been running out of people in the trades for almost 30 years now. The average age of people in the trades has been rising for 30 years. It’s past 46 years old. The average age of an electrician is 60 now. The jobs report and what we’re seeing is kind of a culmination of a huge macro trend in the economy. And it’s only getting worse right now.

Yahoo Finance

In January we wrote, Demographics and the Tough Choices Ahead To 2030, and outlined how the sheer number of buildings, bridges, roads, airports and other infrastructure and the aging demographic would mean some very tough choices ahead. We are in an era where we are trying to migrate from fossil fuels to electrification of everything yet the average age of electricians across the country is 60 years old.

On top of the shortage of electricians we have a shortage of nurses, nursing homes, and other professionals just as 60 million boomers head into retirement and will need a great deal of medical care. Where will these workers come from given that young people aren’t having kids and there is a depletion of labor across the country?

Here is another critical quote from the interview:

Without some kind of public partnership, public-private partnership, we’re not going to have any one to rebuild this country in another decade.

Yahoo Finance

Anyone that is paying attention sees the demographic disaster coming, the only question is which states will be the biggest winners and the biggest losers. We’re researching that question, stay tuned and stay solvent…