The construction industry’s skilled labor shortage is costing it huge amounts of money.
How much exactly?
In the case of equipment repair technicians alone, a 2015 study conducted by The College of William & Mary on behalf of the Associated Equipment Distributors (AED) estimated that the technician shortage was costing the heavy-duty equipment distribution industry more than $2.4 billion per year in lost revenue. That’s just equipment technicians. What about all of the other occupations that require special skill sets? The financial losses become even more jaw dropping.
The skilled employee shortage could be growing even worse. Construction industry companies are bracing for
