The construction labor shortage has been a problem for over a decade, particularly since the global financial crisis of 2008. The COVID-19 pandemic further intensified the labor crisis in the industry as projects froze and trained professionals moved out to other jobs. In the 2020 CONSTRUCTION OUTLOOK SURVEY, 72% of construction firms anticipated labor shortages to be the biggest hurdle for them.  And just as expected, the skilled labor shortage is still not getting any better, despite rising interest rates.

The pandemic and subsequent economic uncertainties have exacerbated the shortage across all kinds of construction jobs, including project managers, general laborers, and skilled workers like electricians, welders, and carpenters. Addressing this issue requires a multifaceted approach, encompassing strategic planning, enhanced recruitment efforts, and a focus on training and retaining talent.

The construction industry is undergoing a significant transformation. Innovations, economic uncertainty, construction workforce shortages, and other factors have forced service and construction companies to change the way they work and deliver their projects. 

In 2024, we can expect to see an increased application of technology trends in the industry. Here are some of the construction technology trends that will dominate in 2024:

Keep reading this blog on jonasconstruction.com

Check out more news and blogs here