With more than 7.2 million employees nationwide, industrial and commercial construction has long been one of the nation’s largest industries. But today, construction company owners across the nation are facing a growing shortage of tradesmen such as pipefitters, steel workers, electricians and carpenters.
When you learn a construction trade, the industry’s big problem can become your big break. The skills of construction tradesmen are in high demand, and with a 19% projected growth rate through 2018, the construction industry has the potential to take you farther (and pay you more) than the corporate ladder ever could.
Fact: America’s average weekly earnings: $914 for commercial construction tradesmen, $608 for everyone else.
Fact: $47,528 = Average annual salary for nonresidential building construction nationwide.
Fact: 10+ years: That’s how long it will take 39% of college grads to pay off their student loans.
Did you know? For every four people who leave the trades, only one new person is supplied by apprenticeship programs to enter the trades.
Fact: The construction industry needs about 240,000 employees just to keep up with the demand for new roads, buildings, schools, airports, hospitals, power plants, and housing.