HireQuest Inc., President and CEO Rick Hermanns analyzes the state of America’s workforce and divulges the place there’s excessive demand for open-to-work workers.
MikeRoweWorks Basis CEO Mike Rowe mentioned the one factor manmade intelligence is not coming for is trade-based jobs,
Rowe, who hosts “How America Works” on FOX Enterprise, informed viewers members through the Pennsylvania Power and Innovation Summit on Tuesday that these jobs are a protected guess as AI disrupts the job market, in response to a number of experiences.
‘We have been telling youngsters for 15 years to code. ‘Learn to code,’ we mentioned,” Rowe said. “Yeah, effectively, AI is coming for the coders.”
He also said that the technology, however, isn’t “coming for the welders… the plumbers, the steamfitters or the pipefitters… the electricians.”
A welder at Launcher in Hawthorne, California, US, on Wednesday, April 20, 2022. Brimming with SpaceX engineers, Hawthorne, California, has become an unlikely focal point for a new era of manufacturing. (Photographer: Alisha Jucevic/Bloomberg via Getty Images / Getty Images)
This comes as the skilled labor market has taken a beating with the supply of workers in the field is shrinking due to retirements and fewer young entrants.
LOWE’S, METALLICA TEAM UP TO BOLSTER SKILLED LABOR WORKFORCE
As worker numbers fall, demand is projected to remain high due to infrastructure needs, a surge in real estate redevelopment and the energy transition, according to consulting firm McKinsey. Additionally, the re-purposing of commercial real estate due to hybrid work may also increase demand for construction trade workers.
“Know-how, nevertheless, is not coming for the welders… the plumbers, the steamfitters or the pipefitters… the electricians,” Mike Rowe said. (Photographer: David Paul Morris/Bloomberg via Getty Images / Getty Images)
In order to meet the anticipated demand for construction services this year, the construction industry will need to attract an estimated 439,000 net new workers in 2025, according to a proprietary model developed by the Associated Builders and Contractors (ABC). In 2026, the industry will need to bring in 499,000 new workers.
ABC chief economist Anirban Basu said if the industry fails to fill those roles, then labor costs across the industry will accelerate, exacerbating already high construction costs and reducing the volume of work that is financially feasible.
EMPLOYERS ARE FED UP WITH COLLEGE ‘WASTE,’ OPT FOR SKILLED BLUE-COLLAR WORKERS INSTEAD
Rowe sounded alarm bells on the nationwide blue-collar worker shortage in June 2024, warning there are significant national security implications for the country if American-made production plummets as a result of the scarcity.
Rowe sounded alarm bells on the nationwide blue-collar worker shortage in June 2024. (Photographer: Bing Guan/Bloomberg via Getty Images / Getty Images)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“Yearly, for each 5 tradespeople who retire, two individuals substitute them. This has been happening for about 18 years, and the mathematics has change into so important and so under-reported,” Rowe said, “You may’t discover a single main company right now who depends to a point on expert labor [that] is not struggling to rent.”
-SOURCE-Parker-Hall.jpg?w=420&resize=420,280&ssl=1 "Save 20 % on Our Favourite Earbuds for Android")
