Since the end of the Great Recession in 2009, workers have been slow to return to the construction industry. That’s because many laborers who struggled to find work during the recession’s darkest days felt they had no choice but to leave the industry entirely and search for work elsewhere. Now that the housing market is …
Tag: skills gap
The Economy Is Recovering. Why Aren’t Wages?
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 …