February 20, 2023

MAGA DESTROYS; IT DOESN'T BUILD:

Joe Biden's planned US building boom imperilled by labour shortage (Amanda Chu, 2/20/23, Financial Times)

A shortage of construction workers is putting at risk the Biden administration's ambitious plan to fuel a historic building boom in the US, according to industry executives.

The construction sector could be short of as many as half a million workers this year, according to the Associated Builders and Contractors, an industry group, increasing project costs and delaying a building campaign that executives say is comparable to that of the second world war.

"It would be difficult to identify a period during which the construction labour market was more constrained than it is now," said Anirban Basu, chief economist at the ABC. "Demand for construction workers is sky high . . . This is the era of the mega project."


Posted by at February 20, 2023 11:29 AM

  

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