Lowe's invests $50M to address 'critical' tradespeople worker shortage
Sergio's Restaurant president and CEO Carlos Gazitua argues retailers and restaurateurs 'can't compete' with the new 'virtual working' trend, which, in turn, is forcing industries to 'look at automation and robotics as a tool' to offset pressure.
Janice Dupré, Lowe's executive vice president of human resources and chair of the Lowe’s Foundation, told FOX Business that they have seen the worker shortage for several years, and it's being exacerbated, in part, by myths regarding the job and the migration of children going into different careers. That means it's not just a labor shortage but a skills shortage, she explained.
According to a proprietary model developed by Associated Builders and Contractors, the construction industry will need an estimated 546,000 additional workers "on top of the normal pace of hiring in 2023 to meet the demand for labor." will "ensure that the next generation of builders has the knowledge and skills necessary to meet the demands of our modern world," Dupré said.
A contractor trims a piece of roll roofing while working on a house under construction at the Norton Commons subdivision in Louisville, Ky., July 1, 2022. According to American Association of Community Colleges CEO Walter Bumphus, "community colleges are uniquely qualified to provide the skills education necessary to fill the workforce pipeline."
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