A large shortage of workers to fill millions of skilled trades jobs could result in $1 trillion in economic losses annually, according to new research from JLL.
The commercial real estate services company revealed Tuesday that by 2030, an estimated 2.1 million skilled trades positions for electricians, HVAC technicians, plumbers, pipefitters, construction equipment operators and general maintenance workers could go unfilled.
“We’re at a critical inflection point where demand for skilled trades is accelerating while the available workforce continues to shrink,” said Dr. Paul Morgan, global COO, real estate management services at JLL. “This systemic crisis threatens how we power our data centers, cool our laboratories, secure our manufacturing facilities and maintain the spaces where millions of Americans work every day.”
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