July 1, 2019
Solving the Construction Labor Crunch, One Exoskeleton at a Time
The construction industry is facing a demographic crisis that has been building for years—a crisis that has led to a labor shortage unlike anything the industry has experienced in the past. All of us have experienced this labor crunch firsthand at our companies, where filling open positions becomes harder each week. But the numbers are staggering when looked at from a macro perspective. In the U.S., there is a shortage of hundreds of thousands of workers across the industry. A U.S. Chamber of Commerce, www.uschamber.com, Washington, D.C., study in Q1, reported that 70% of construction companies are feeling the labor crunch. That labor shortage is a reality everywhere, but it is particularly pronounced in high-growth states. Colorado, for example, is projected to experience a labor shortfall of 30,000 workers—in one state alone.