Will Construction Worker Shortages Slow the Economy?

Will Construction Worker Shortages Slow the EconomyThe overbearing entity of the economy and its success inevitably boils down to the workers who put their efforts and resources into it; so it’s no surprise that the lack of workers, specifically in the construction industry, has an impact on the larger economic picture. Not only are companies struggling to find workers, but project completion is delayed largely because of the shortage in labor.

Construction firms are now facing the difficulty of keeping projects running smoothly with the added burden of a decrease in workers. Unlike some other industries – where, if there is a shortage of workers, existing employees can simply take on more work – construction is predominately labor intensive so there is no way to pass the labor burden onto others. Therefore, construction firms are forced to take this into consideration when taking on new projects, and an increasing level of them have to be turned down simply because the resources to complete it are not available.

When construction companies are forced to turn down new projects, owners are willing to pay increasing amounts for projects. This price increase results in decreasing numbers of projects that are able to be funded in the first place, and this hinders economic growth on a larger scale. The fewer projects that are completed, the less money is being cycled into the economy, which is why this labor shortage in the construction industry is a bigger deal than it might seem.

Economic growth in America is a large concern, with several other industries struggling to create employment opportunities for a dynamic labor force. Construction companies have the additional burden of scraping together workers to complete projects that directly impact the area’s economic growth. It is in times like this where staffing companies are able to lend a hand to struggling employers looking for quality workers to fill employment gaps.

Madden Industrial Craftsmen has been assisting construction companies through many years of economic ups and downs to find talented workers. We understand the cost of hiring the wrong employee, and we take pride in alleviating that potential stress by diligently screening and testing candidates. This leaves your company time to focus on the important things, like starting new projects and satisfying your clients. We understand that each company has individual staffing needs, and we do everything we can to source candidates who are aligned with the unique nature of your company. To get started, contact a leader in construction staffing in the Pacific Northwest today and we will set you up with your own personal staffing professional who will help you find your next star employees!

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