Construction Workers to Get Higher Salaries

Category: Construction News
Published: Jul 18, 2014

Five years after the Great Recession is over, wages in the construction sector are going up. According to the US Bureau of Labor and Statistics (BLS), a large number of homebuilders changed their profession during the hard financial times, which lead to a 3.3% yearly raise for those who stuck with construction.
The BLS states that the paycheck rise in construction has been happening since 2012. Buck Consultants, a pay adviser, expects another 3% increase for all builders for the next year.
Workers at construction equipment companies earned an average of 11% more an hour in 2013, according to the BLS.
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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.