| Construction (both infrastructure and housing) faces a shortage of low single digit million workers nationally. Now, account for deportations of workers in those industries. Account for 4M Boomers retiring per year. Account for an annual year over year decline in prime working age participation due to declining total fertility rates. Who is going to do this actual megaproject engineering and construction work? Print or borrow all the fiat you want, there aren't enough people for the body of work to be done. Residents of Florida are already waiting months or over a year sometimes to get a roof replaced, because there are not enough workers. South Florida's water supply under threat from saltwater intrusion crisis - https://www.cbsnews.com/miami/news/south-floridas-water-supp... - April 24th, 2025 Miami-Dade Saltwater Interface GIS Mapping - https://geoportal.sfwmd.gov/portal/home/item.html?id=128fce3... ‘The industry is in a crisis:’ Construction worker shortage delaying projects, driving up costs, experts say - https://www.clickorlando.com/news/local/2025/02/24/the-indus... - February 24th, 2025 ("Immigrants account for 31% of all workers in construction trades across the country. In Florida, an estimated 38% of construction workers are foreign-born.") Miami is 'ground zero' for climate risk. People are moving to the area and building there anyway - https://www.cnbc.com/2024/04/26/miami-is-ground-zero-for-cli... - April 26th, 2024 ("By 2060, about 60% of Miami-Dade County will be submerged, estimates Harold Wanless, a professor of geography and sustainable development at the University of Miami." ... "The trend shows how many Americans are ultimately willing to overlook environmental risks, even though most acknowledge its presence — a choice that could later devastate them financially.") Climate Costs in 2040: Florida - https://www.climatecosts2040.org/files/state/FL.pdf (9,243 miles of seawall are needed. Florida has the highest cost of building seawalls. 23 Florida counties
face at least $1 Billion expenditures. 24 municipalities are up against bills of over $100,000 per person) |