"New York City's construction industry, which has a significant foreign-born workforce, now faces potential setbacks for timelines, costs and the local economy as a result of ICE's ongoing immigration crackdown, according to a new report published on Monday. The unintended consequences of the Trump administration's mass deportations can be dire for the industry, as nearly 49% of construction employees in the NYC metro area are foreign-born, according to the Dec. 1 analysis from Construction Coverage, an outlet that publishes construction industry reports."
"While the recently published report does not directly address this question, it highlights the economic realities that can arise from mass deportations. Jonathan Jones, a senior researcher at Construction Coverage, said construction is labor-intensive and sequential. This means a sudden shortage in the available workforce would likely create bottlenecks, causing delays in project completion. In a worst-case scenario, labor shortages could force new housing starts to slow down significantly as general contractors struggle to staff work sites, Jones explained."
New York City's construction sector relies heavily on immigrant labor, with 48.9% of the metro area's construction workforce—288,678 workers—born abroad, the fifth-highest share among large U.S. metros. Across the country, one in four construction workers is an immigrant. Increased federal immigration enforcement and mass deportations threaten to shrink the available labor pool, creating sequential bottlenecks in labor-intensive projects and causing delays. Rising labor costs could be passed to developers, buyers, and renters, potentially undermining efforts to expand affordable housing and slowing new housing starts as contractors struggle to staff work sites.
Read at www.amny.com
Unable to calculate read time
Collection
[
|
...
]