Coronavirus

Construction industry plagued with pandemic-related problems

The COVID-19 pandemic has caused several problems for the construction industry in the United States. Starting with a materials shortage and skyrocketing pricing and now moving to employment issues, the industry is looking for any relief.

Technology fills the gap as jobs lag GDP

The U.S. is in the midst of a productivity boom. That is positive for wages and inflation because higher revenue can absorb increased wages without companies raising prices. It isn’t such great news for the jobs outlook if employers conclude they can meet sales goals with less hiring.