Tag: Shortages
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Rising Tariffs and Labor Shortages Drive Demand for Faster Project Delivery with AWP
The latest round of tariffs from the Trump administration is driving construction input costs up 41% since February 2020, impacting materials like steel, copper, and aluminum. Even domestic projects are feeling the pinch, as supplier pricing reacts to broader market uncertainty. At the same time, workforce shortages are worsening — with 91% of contractors reporting…
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Rising Tariffs and Labor Shortages Drive Demand for Faster Project Delivery with AWP
The latest round of tariffs from the Trump administration is driving construction input costs up 41% since February 2020, impacting materials like steel, copper, and aluminum. Even domestic projects are feeling the pinch, as supplier pricing reacts to broader market uncertainty. At the same time, workforce shortages are worsening — with 91% of contractors reporting…
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How AI Is Reshaping Construction: Tackling Labor Shortages, Data Silos and Project Complexity
The construction industry is poised for a $4.2 trillion expansion over the next 15 years. But there’s a catch: a growing skills gap, with job vacancies already up 41% year-over-year, and looming retirements threatening to worsen the shortage of qualified professionals. This is where artificial intelligence (AI) steps in, not just as a futuristic technology,…
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New York contractors boost pay, benefits to fight labor shortages
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. New York construction firms are ramping up pay and benefits to stay competitive in a tight labor market, according to a new 2025 study from The Bonadio Group, a New York City-based national accounting and advisory firm.…
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‘I can’t find any help’: Employers scramble to solve worker shortages caused by immigration crackdowns
Listen to the article 7 min This audio is auto-generated. Please let us know if you have feedback. President Donald Trump’s statement in an April 15 Fox Noticias interview that his administration would “work with” undocumented immigrants who self-deport from the country and return them to the U.S. “if they’re good, if we want them…
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How to Ensure Construction Business Growth in Staff Shortages
Demand for construction is growing steadily, regardless of seasonal variations. At the same time, construction companies can’t hire enough skilled workforce. How does this discrepancy impact companies’ ability to grow and bid on new projects? The US construction industry is short half a million workers 41 percent of the construction workforce from before 2020 is…