The skilled labor/trade labor shortage is worsening every year…and we currently have no real plan for addressing the problem! This short video from The Honest Carpenter discusses the breadth of the skilled labor shortage–and some possible measures we could take to turn the tide.
DO YOU HAVE PUBLISHING INDUSTRY/CONSTRUCTION INDUSTRY CONTACTS WHO YOU THINK COULD HELP? PLEASE SHARE THIS VIDEO WITH THEM!
AND DIRECT ALL INQUIRIES HERE!
edanieljamesbooks@gmail.com
LINKEDIN:
https://www.linkedin.com/in/thehonestcarpenter/
I’d like to thank Economist Mischa Fisher for his help with this video! He has become an authority on trade labor trends and statistics:
https://www.mischafisher.com/
Also, check out carpenter Matt Panella’s awesome YouTube channel!:
https://www.youtube.com/c/MattBangsWood
Mike Rowe has long been a public advocate for the trades. He has a number of initiatives and content streams that you should have a look at:
THE TRADES ARE DYING…But The World Still Needs To Be Built! CAN WE FIX THE SKILLED LABOR SHORTAGE?
As of April 2022, the construction industry alone faces a shortage of some 650,000 tradespeople and skilled laborers. 600,000 of that figure is above normal losses from retirement and career switching!
Across all trades, 8 million skilled laborers were lost during the pandemic. In the recovery year since, we’ve only managed to regain about half of them. But 4 million vacancies still remain.
The trades are an utterly vital part of our economy and world. Without skilled laborers and tradespeople, our country will fall apart. And yet, we are facing serious headwinds as we try to address the trade labor shortage.
Some great corporate initiatives are taking place to provide free or low-cost opportunities for people to learn the trades. Specifically, Home Depot and Stanley Black & Decker are playing a critical role:
https://corporate.homedepot.com/page/home-depot-foundation
https://www.pathtopro.com/
https://www.stanleyblackanddecker.com/impact/people/impact-challenge
https://www.stanleyblackanddecker.com/impact/people/makers-index
Here are some great articles on the labor shortage (and efforts to address it) that were helpful in creating this video:
Long disparaged, education for the skilled trades is slowly coming into fashion
High-paying jobs go begging while high school grads line up for bachelor’s degrees
https://www.foxbusiness.com/features/skilled-labor-workforce-severe-nationwide-shortage
https://www.npr.org/2022/03/20/1087766188/skilled-trade-programs-are-booming-after-college-enrollment-dropped-in-the-pande
https://www.prnewswire.com/news-releases/more-than-29-000-skilled-tradespeople-trained-in-four-years-exceeding-the-home-depot-foundations-initial-goal-301614008.html
https://www.prnewswire.com/news-releases/drilling-into-the-skilled-trades-shortage-stanley-black–deckers-inaugural-makers-index-reveals-few-students-likely-to-consider-a-career-in-the-trades-outdated-perceptions-key-drivers-301517854.html
Thank you for watching and supporting!
The Honest Carpenter
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