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Construction Squeeze Takes Toll As Wage Hikes Flatten Nationwide

Publication Date: 9/23/2009
Author: Bruce Buckley
Format: HTML

Description:
Construction wages and benefits have taken a sharp downturn this year as companies have seen job opportunities dry up nationwide. After nearly a decade of steady increases, compensation has flattened on average as many employers have frozen or decreased wages. Analysts hold a mixed view on the trend, noting the situation isn’t alarming today, but could worsen in the future. While the recession has eased cost-of-living pressures on wages, the health-care debate is raising concerns that employers may face considerable financial hurdles further out.

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