construction costs / outlook

[Trevor Schmitt]

The construction industry currently has a shortage of 650,000 workers according to a recent CNBC article.

Also noted in the article, "The construction industry is now paying 80% more than the average non-farm job in the United States." 💲

Seems crazy that there is such a shortage in workers for the construction industry when the pay in way above average. 🤔

I am optimistic the trend of construction worker shortage will start to reverse as the wages increase, and money starts to become tighter for families.

What do you think will happen first?
1) More individuals join the industry and fill the gap.
2) Technology takes the place of the missing workers.