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by roseburg 3138 days ago
There is a shortage of trades workers, and it's only going to get worse because the bulk of the workers are currently older and are retiring much, much faster than they are being replaced. We are just at the beginning of a crises level shortage. Labor prices will continue to rise and this will be absorbed by everyone.
1 comments

In a supposed American model this means there should be more competition, right? And the companies will be happy to pay those increased wages to US workers?

(I'm being facetious devil advocate here.)

:) They are having to pay higher wages. The wealthy in bigger cities are able to absorb these higher costs. It has a much bigger toll on the middle class in smaller cities because they have the same shortages, but less money to pay the increased costs.

There won't be more competition in the short term because still, only 3% of graduating high school students are even considering a career in the trades. It's going to take quite a while for the ship to turn around.