Bridging the Labor Gap

October 03, 2024

We know there are a few obvious reasons this labor deficit is occurring. From a wave of retirements to a cultural preference for college degrees over trades, the construction workforce is facing a major challenge in the years ahead.

Seasoned pros are hanging up their hard hats at an alarming rate in what’s known as the “great retirement wave.” More than 20% of construction workers are aged 55 or older, and as they hang up their hard hats, their expertise goes with them. There are decades of experience walking out the door, leaving a knowledge gap that’s tough to fill.

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