Sparky Life

50% of Skilled Trades Workers Are Retiring: Here's Your Opportunity

Lia Lamela Season 2 Episode 149

Send us a text

Every skilled professional needs the right tools to succeed → Get the right tool for YOU at SUPPLY HOUSE - Use code SL5 for 5% off!  Code applies to purchases under $1,000 and first time buyers.

The construction industry is facing a knowledge collapse—and it's creating the biggest wealth opportunity of our generation. While Elon Musk and Jordan Peterson warned about population collapse in 2023, there's a parallel crisis happening right now in skilled trades that nobody's talking about.

The shocking reality: 50% of the construction workforce is over 46 years old. Within 20 years, half of all skilled tradesmen and women will retire—taking decades of irreplaceable knowledge with them. In 2023, we had 7 workers retiring for every 1 entering. Even with improvement to 5:2 in 2026, the gap is massive.

But here's the opportunity: This crisis is driving salaries through the roof. Gary Vaynerchuk and Cody Sanchez are calling it—the next millionaires will be electricians, plumbers, and skilled trades professionals. Even Google is training their own trades workers for data centers.

In this episode, you'll discover:

  • Why this isn't just a labor shortage—it's a knowledge extinction event
  • The real numbers behind the construction industry population collapse
  • Why skilled trades salaries are skyrocketing (and will continue to)
  • My 3-step framework to achieve financial freedom through skilled trades
  • Why "follow your passion" advice keeps 99% of people broke
  • How to calculate your "F* You Number" and actually reach it

Discover the best tools @ www.liveswitch.com 

Click here: TRY THE FREE TRIAL LIVESWITCH

Support the show

Podcasts we love

Check out these other fine podcasts recommended by us, not an algorithm.

We're Not Fine Artwork

We're Not Fine

WNF Media LLC
The Way I Heard It with Mike Rowe Artwork

The Way I Heard It with Mike Rowe

The Way I Heard It with Mike Rowe