Nathan Anderson, a Phoenix builder, anticipates that the absence of immigrant workers due to deportation policies could increase his construction labor costs by 17%, adding $116,000 to his budget. This comes amid an ongoing labor shortage in the industry, where costs and completion times may also rise accordingly. Anderson's case exemplifies broader trends, with tariff impacts potentially raising material costs by 5%. His house, nearly complete, is listed for $2.65 million, reflecting how increased costs could influence market prices.
Without immigrant workers, Mr. Anderson's labor costs could jump by 17 percent, adding $116,000 to his budget, indicating a significant impact on construction economics.
The shock to the labor market from deportations and fear of deportation might drive up wages, exacerbating the existing labor shortage in the construction industry.
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