On Monday we wrote about the continued shortage of truckers that range from 100k to 200k and today we will write about the upcoming 300k to 400k shortage of construction workers in the United States. From BuilderOnline.com:
According to the report, economists estimate the U.S. faces a shortage of homes for sale or rent of at least 1 million units, with a lack of construction labor a key limiting factor for improving both housing inventory and affordability. In recent months, the number of open, unfilled jobs in the overall construction industry totals between 300,000 and 400,000 positions. While the count is slowing as home building activity decreases due to higher interest rates, the HBI forecasts the nation will require additional construction workers to reduce the existing housing deficit.
BuilderOnline.com
In “Average Age of Electricians in US? 60” we wrote about the severe shortage of trades people and pointed out that the average age of electricians in the United States is now age 60 and growing.
The pain and problems don’t stop at construction workers. In the telecom industry there is a cry for more workers:
“Our biggest problem, I can’t get people back to work,” Ganzi said. “I can’t get people to micro-trench ditches. I can’t get people to climb poles. I can’t get people to build cell towers fast enough. We have a massive labor shortage issue. Supply chains are correcting themselves, but our biggest challenge today is keeping up with customer demand.”
FierceTelecom.com
Upon reading and writing on many of these news reports we got an investment idea that we’ll be writing about in the near future. In the meantime, stay tuned and stay solvent…