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Essay / Research Paper Abstract
This 5 page paper provides an overview of the industry and addresses subjects such as population, technology and trade union influence. The modern construction business is the focus of this paper that also touches on the industry's roots as well as changes it has endured throughout the years. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: RT13_SA033Con.rtf
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Unformatted sample text from the term paper:
Armour, 1999). Sales of existing homes surpassed many Realtors expectations, and some properties sell even before they are listed (1999). Within the industry, the unemployment rate has dropped since 1992,
from a high of 17.9% (Burn, 1999, p. A1) to just 6.4% in December of 1998 (1999, p. A1). While the unemployment rate is substantially higher than
in the larger economy, one must realize that construction offers a great deal of seasonal work and employment that is either temporary or part time. Many construction workers are routinely
laid off after a job is completed, particularly in the Northeast where weather changes frequently. Thus, although the unemployment rate may appear high, in areas where construction is booming, it
is difficult to find skilled workers. The labor shortage in construction is actually a sign of good times (Belton & Armour, 1999). The economy is so good that the
industrys work force has simply not been able to keep pace with the supply of construction opportunities (Burn, 1999). Also, many labor-intensive industries, such as construction and
restaurant work, have been fighting a losing battle to compete against other more glamorous and lucrative career choices (1999). Today, there is much more opportunity for high school graduates than
ever before. Further, colleges are opening more doors so that those who may not have met their criteria in the past are allowed to attend on probation. In addition, there
are many small schools teaching trades related to the lucrative computer industry. Thus, in some ways, advances in technology have hurt construction. People who might otherwise have used a hammer
and a nail are hammering away at computer keyboards. But of course, technology has also helped construction a great deal. Advances in technology, in the construction business, allow for
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