According to the Brookings Institution in the USA, nearly a quarter of all infrastructure workers will be exiting the labour market in the next decade. Further, due to the infrastructure deficit, another 9%+ workers are needed to close the infrastructure deficit.
What this means in the States is that an additional:
- 242,000 material movers are required;
- 193,000 truck drivers, and
- 115,000 electricians.
This is in addition to replacing the retirees.
A rule of thumb is that Canada is 10% the size of the US meaning Canada needs an extra:
- 24,000 material movers,
- 19,000 truck drivers, and
- 11,500 electricians.
That partly explains the steep inflation rate within the construction industry.
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