As businesses are opening back up, they're running into a problem. It isn't easy to find labor. While politicians, business executives and policymakers can debate root causes, it's becoming a more significant issue.
In the construction industry, which is already dealing with huge materials cost increases over the past year, labor is just one more hurdle to getting projects out of the ground.
Dr. Masaki Oishi, co-founder and chairman of MarketSpace Capital, says a labor shortage exists in "the really experienced construction workers." But it isn't as acute for construction workers who don't have specialized skill sets.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
