Estimated reading time: 0 minutes, 34 seconds

High Failure Rate for Subcontractors Linked to Lack of Skilled Workers

Real Time Economics/Wall Street Journal reports that the greater failure rate of subcontractors in the construction industry is linked to a lack of skilled workers available for hire.

The short supply of skilled trade workers has been a persistent issue for the construction industry, but the problem becomes more significant when new home and commercial building construction rates increase. When less qualified or experienced laborers/craft workers have to be hired, that can result in work having to be redone and increases in costs. According to the Associated General Contractors, the most needed but hardest to hire workers are carpenters, sheet metal installers and concrete workers.

Read the full article from The Wall Street Journal.

Read 3475 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.