The Great Recession of 2007 was a difficult time. Businesses slashed wages. The poverty rate rose, and hiring stalled. And according to the Treasury Department, American households lost a staggering $19.2 trillion in wealth. While the economy isn’t growing like it was in the early 2000s, the economic recovery is still rolling along. The unemployment …
As I mentioned in my previous post about the 2017 hurricane season, Hurricane Maria did between $45 and $95 billion in damage to the island of Puerto Rico. This damage hit the island’s manufacturing industry as hard as the rest of the economy. Pharmaceuticals and medical devices are Puerto Rico’s leading exports. Because of this, healthcare …
In 2015, Hispanics made up a plurality of New York City construction jobs. Their 37.75% of New York City construction jobs demonstrates how crucial Hispanic workers are. The demographics of New York City are similar throughout the entire country. According to the Bureau of Labor Statistics, Hispanics make up for 29% of all construction workers …
What would you imagine to be the average age of construction workers? Is it lower or higher than the entire American work force? The average age of construction workers is 41, the same as the overall labor force. Is this surprising? So much of construction is very physical and sometimes back breaking work. Home building …
On April 18, 2017, the White House announced President Trump’s “Buy American and Hire American” executive order. The executive order aims to promote American manufactures through forcing companies to use American products in their operations. In addition, the executive order requires American companies to hire U.S. citizens to conduct the company’s operations. On the surface, …
The National Association of Women in Construction recorded in 2014, women accounted for only 8.9% of construction workers in the United States. This relatively untapped resource has interested construction companies who are desperate to make up for the labor shortage in the United States. According to the National Association of Homebuilders, there is a growing figure of …
According to the job search website, truckerdriversalary.com, trucking jobs are becoming an increasingly lucrative profession in the modern economy. A key reason for the rise in salaries for truckers is the massive shortage of truck drivers in the United States. The shortage of truck drivers is forcing numerous companies such as Wal-Mart, Fed-Ex, and Estes …
We’ve talked a lot about the truck driver shortage the United States is currently suffering. We’ve talked about women filling the gap, since less than 10% of drivers are women. However, there is a huge demographic that everyone likes to complain about, but some in the trucking industry are beginning to see as the ultimate …
A significant labor shortage is on the way in more than just the trucking industry. Blue-collar industries such as manufacturing, trades, and construction will be soon facing the same problem. In the trucking industry, the lion share of the truckers are nearing retirement age with not enough new incoming drivers to replace them. The need …
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