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Someone has to build it! 💪 30% of the construction workforce is over the age of 50. Presumably they will retire in the next 10 years which equals 4 Million people in the US and Canada alone. Apprenticeship intakes are up, which is good, but there is only a 35% completion rate, which is not good. The work has to get done so it’s going to put a strain on the remaining workers. The most critical part of a successful future for construction companies is knowledge transfer - mentoring and training y
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30% of the construction population is over the age of 50 👴 meaning the next 10 years they will be retiring - if they can… When you do the math, approximately 12 million people work in the construction industry in North America, so 30% of that is about 4 million. Not only are the numbers concerning, but will you also consider that one new entrance retiree? It really puts the whole labour shortage thing into perspective. There is a lot of talk about the labour shortage or what are we doing? Actua
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Companies desperately hiring older workers right now (some pay $35 per hour)
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