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Labor Shortages

Summary:
Gonna have to soon outlaw urinalysis and be hiring all the currently unqualified drunks and dopers I guess... or wages are going to continue to increase markedly... hard to see how a big infrastructure initiative is going to be staffed or a New Green Deal... The shortage of qualified trade workers continues to be a prime concern for the construction industry. This dearth of workers, along with the country’s threatened or actual use of tariffs, means that the meteoric rise in construction costs is only expected to continue. Help wanted: Labor shortages continue to crank up construction costs@rlb_uk @CommerceGov @AIANational @ABCNationalhttps://t.co/n8pBqHm4E7 pic.twitter.com/2mywehXK7B — RE Journals (@REjournals) July 23, 2019

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Gonna have to soon outlaw urinalysis and be hiring all the currently unqualified drunks and dopers I guess... or wages are going to continue to increase markedly... hard to see how a big infrastructure initiative is going to be staffed or a New Green Deal...

The shortage of qualified trade workers continues to be a prime concern for the construction industry. This dearth of workers, along with the country’s threatened or actual use of tariffs, means that the meteoric rise in construction costs is only expected to continue.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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