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The Modern Construction Landscape and Its Opportunities with Ken Simonson, Chief Economist at Associated General Contractors of America
Manage episode 424443720 series 3486071
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Discover the hidden potential of a career in construction with Ken Simonson, Chief Economist at Associated General Contractors of America. With over 22 years of industry experience, Ken offers invaluable insights into the current economic landscape affecting the construction sector, from labor supply challenges to material costs. Broadcasting from Wichita, Kansas, he draws upon his diverse background, including his time at the Office of Advocacy US Small Business Administration and the American Trucking Associations, to provide a comprehensive view of the opportunities and challenges in construction today.
Learn why high school graduates should seriously consider a career in construction, where the average hourly wage outpaces the broader private sector by 19%. Ken also highlights the transformative power of cutting-edge technology, such as drones, 3D printing, and AI, and how these innovations are revolutionizing the way construction work is done, providing a sense of tangible accomplishment and long-term satisfaction.
Get a deeper understanding of the importance of teamwork and safety in the construction field, and how these elements contribute to job satisfaction and skill development. We discuss the diverse range of roles available, emphasizing that the industry values various skills from on-site manual labor to off-site coordination. Ken also touches on the need for a national accreditation system to elevate the status of construction professionals, making the field more appealing to young people and their parents. Additionally, we tackle the pressing issues of labor costs, regulatory challenges, and the potential for productivity gains through technology to make housing more affordable and sustainable.
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Chapters
1. Opportunities in the Construction Industry (00:00:00)
2. The Construction Industry (00:10:53)
3. Construction Industry (00:18:02)
4. Challenges and Opportunities in Construction (00:35:12)
144 episodes
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