As 2018 begins to wind down, it is the traditional time for industry experts to prognosticate on risks facing the construction industry. We have reviewed several such prognostications from the insurance and construction industries and combined it with our personal and anecdotal experience and offer the following brief list of issues which the Gould & Ratner Construction Practice believe could impact the industry in the coming year:
Workforce Issues
As has become increasingly apparent over the past few years, there is a skilled labor shortage in the construction space. Simply put, there is an aging workforce and less qualified workers available. Millennials and younger generations are showing less interest in entering the trades and the current workforce is graying.
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