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It is absolutely not misleading. In fact I would say it's understated. We lost a half of builders, a third of tradesmen, and saw a massive drop in people train
by RhodesianHunter 5y ago
It is absolutely not misleading.
In fact I would say it's understated. We lost a half of builders, a third of tradesmen, and saw a massive drop in people training for the trades after 2008.
We only caught up to the peak in new home builds a couple of years ago.
Sure, there was a demand spike, but supply is about a decade behind in a market where it takes a very long time for supply to ramp up.
- anonu 5y agoI believe you are correct [1][2] that wage workers in these occupations have declined since 2008. Is that related, however, to physical good supply chain disruptions in the past 12 months? And if you're referring to labor supply - we are basically at the same or better unemployment rate than we were in 2016... which was already a pretty good time in the economy. [1] https://fred.stlouisfed.org/series/LEU0254505500A https://fred.stlouisfed.org/series/LEU0254505500A [2] https://fred.stlouisfed.org/series/LNU04032231 https://fred.stlouisfed.org/series/LNU04032231
- RhodesianHunter 5y agoWe have an extreme shortage of housing in places where there is demand. We have a shortage of builders and tradesmen to build more. This problem will take time to resolve.