An analysis of the New York Building Congress of the U.S. Census Bureau’s American Community Survey has shown that the New York City construction workforce has experienced a recent increase in younger and more diverse workers.
The analysis showed that the workforce now has .01% more Hispanics working than non-Hispanics, which is a first for the construction industry. Around the same time, the number of workers between the ages of 20 and 39 grew from 41% to 44%. There was also an increase in women, African Americans, and Asians working in construction.
With New York’s ever-present need for construction workers, this opens the door to a lot of well-paid business opportunities for people. Carlo A. Scissura, the New York Building Congress President and CEO, is quoted as saying, “The building community, working with our partners in government, must do our best to ensure that these workers are getting the wages, benefits, and training they deserve, especially those who may be working on the fringes of the industry.”
This has the potential to bring a lot of income to many families in New York City. The construction business is a highly paid, highly sought after means of employment. Especially now, with Scissura’s promise, many people are going to be looking for New York City construction jobs, creating a vast amount of revenue. It is estimated that the roof contracting industry alone generates around $46 billion in the U.S. each year. This paints a good picture of the huge benefits for younger and more diverse people entering this field.
How this will affect the construction market in the long run is something that remains to be seen. However, it seems to be on a positive trajectory, both for the business, the city, and those working and earning their income.