Labor shortage threatens the construction in Australia

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Infrastructure construction projects in Australia totaling about $55 billion were threatened by labor shortages in the country, Bloomberg writes. All Australian construction companies are faced with the problem of a shortage of about 20-30% of the required qualified personnel for the construction of airports, roads and subways, which can lead to higher cost projects. Against this background, the Central Bank of Australia has already noted an increase in wage growth, which for a long time has been one of the main problems in the country. It is pointed out that the problem with labor shortages can be solved by attracting qualified personnel from abroad and personnel training in the country.

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