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They Don't Build Them Like They Used To: The New Construction Shortage

3 pointsby econ4allalmost 7 years ago

1 comment

bachbachalmost 7 years ago
I believe the key factor is our education systems have heavily implied blue collar labour is low status so now there are labour shortages and the average age for a blue collar worker in some parts of the USA is in the 60s. I expect wages of $50 - $60 per hour to get normalized and even higher rents as housing stock stagnates.<p>The Fine Homebuilding podcast has a discussion here.<p><a href="https:&#x2F;&#x2F;www.finehomebuilding.com&#x2F;2018&#x2F;07&#x2F;06&#x2F;podcast-episode-123-shawn-van-dyke" rel="nofollow">https:&#x2F;&#x2F;www.finehomebuilding.com&#x2F;2018&#x2F;07&#x2F;06&#x2F;podcast-episode-...</a>