Bridging the Construction Skill Gap 🏗️💡

Aleksandr Gampel, Co-fonder @ Cuby highlights a critical issue in the construction industry-there's a widening gap in skilled labor, leading to challenges in meeting the growing demand for housing.
The statistics are staggering: With half the industry set to retire in the next 20 years, we face the urgent task of filling 1.4 million jobs today and an additional 1.1 million annually moving forward.
This labor shortage is at the root of affordability concerns, impacting housing availability and pricing. In the U.S., the shortfall in home construction has led to a gap of 6.5 million homes, creating significant challenges in housing affordability.
How do you think we can address this pressing challenge? Join the conversation below!
Our LinkedIn channel: Snackable Idea
Speaker's LinkedIn channel: Aleksandr Gampel
#labor #housingmarket #housingaffordability #snackable_idea