image: Faith Technologies

Workforce shortages – The commodity of skills

August 7, 2018


Are skilled craft professionals becoming scarce? With the construction industry continuing to expand — 282,000 jobs were added over the past year — and baby boomers retiring, the answer is overwhelmingly yes. By 2030, millennials, those born in the 1980s and 1990s, are predicted to make up 75 percent of the global workforce, which makes sense as the last of the baby boomers are set to turn 65 in 2029. The industry does not have the luxury to be nonchalant about the impending changes facing us with an estimated shortage of 1.5 million workers by 2021.

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