Wage growth for construction workers is historically low; Let’s see if we can figure out why:
First, home production has been relatively slow, which should be expected following a long period of overbuilding. That was the excuse from 2007 to 2010. Eight years after home building volume peaked, we still haven’t experienced a rebound in residential construction.
Low household formation, caused, in part, by as millennials living with their parents, and the soft economic recovery, could also be to blame.
One excuse, which may cause an arched eyebrow, is a shortage of labor. More specifically, homebuilders claim they can’t increase production because of their inability to find qualified labor.
This seems like a weak excuse. Continues here
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.