Why Is This Happening?
What makes national construction shortage issue concerning for everyone is the inevitable impact on our finances. As the demand for construction workers rises and the supply diminishes, the cost of construction work is bound to increase.
This means that projects, whether they are residential homes or large infrastructure developments, will become more expensive. These rising costs will inevitably affect everyone’s bank accounts, from homeowners planning renovations to businesses constructing new facilities.
Furthermore, the shortage in the construction industry not only leads to higher expenses but also slows down the pace of projects. Delays in construction can have cascading effects on various sectors of the economy, potentially leading to job losses and reduced economic growth.
It’s a problem that goes beyond just the construction sites—it affects the overall health of the economy and, subsequently, the livelihoods of everyday citizens.
