Shortage of Skilled-Trade Workers Crippling Some Industries

Published on June 7, 2024

Many of this summer’s Generation Z college graduates are immediately getting a reality check with large school debt and few job guarantees after college graduation. This dilemma is why many are now suggesting that encouraging high school graduates to learn skilled trades is not only a suitable alternative but also could save several industries that are desperate to find new workers.  From plumbers and electricians to welders, auto mechanics and construction workers, skilled-trade jobs far exceed the people available to fill them. According to a recent management consulting firm McKinsey study, from 2022 to 2032, annual hiring in trades is expected to be more than 20 times the projected annual increase in net new jobs, costing companies more than $5.3 billion annually. ...

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