How Labor Shortage Affects Contractors

Labor ShortageAs you likely know, we in the United States have what is known an entertainment and knowledge economy. Most of the jobs that are available are in the education sector, or they are meant for people who entertain and amuse others in the world around them. Because of that, a lot of people have started to go to school for such things, or they just go into a career when they get out of high school. That being said, the issue has come that there are a lot of people who are unemployed in those sectors, but then there are tons of skilled labor jobs that are left empty because there is no one with the skills to fill them.

How does this affect you? Well, it depends. If you’re a contractor that regularly needs to work with others in order to get the job done, then you may notice that your list of contacts has gotten a lot smaller as time has gone on. You may only know one or two people who work in certain areas of expertise, such as handmade rings making, and they likely have very busy schedules that make it difficult for them to get to everything that they need to do because of this shortage.

It could also mean that rates are a lot higher for you, and you have to split more of what you make with the people that come and help you out. This can make things especially difficult for you, because suddenly, you aren’t making as much as you used to. Then, your prices may have to go up, which could further reduce the amount of work that you’re getting on a regular basis. It’s a cycle that ends up making it more difficult for the average person to achieve their home goals.

Have you started to a notice a difference since there have been fewer laborers working in specialized areas, or is it something that has not really affected you? It may affect some places and people more than others, so it’s an important thing for us to keep in mind and explore as time has gone on. Have you found ways around it, or have you just been modifying your work in order to try and keep up with everything that is going on with it? Let us know how you’ve coped with this change in the comments.

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