ilmscore | Prediction Details
"On top of this – as the supply of workers falls – their bargaining power in wage negotiations will grow. We are already seeing shortages of labor in the developed world – and as the working age population declines – and the consumption basket changes this can be expected to become more of a problem – especially if immigration restrictions stay in place or grow."
By Patrick Boyle | March 22, 2025 | Pending
From video
Why Are Birthrates Plummeting Worldwide? 00:11:12 - 00:11:31
Interpreted Prediction
Goodhart and Pradhan predict increased worker bargaining power and worsening labor shortages in developed nations as the working-age population declines and consumption shifts, particularly if immigration restrictions remain or increase.

Prediction Details

Topic
Labor Economics

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