As compensation for labor and staff continues to rise, executives are keeping pace and garnering some of the biggest pay increases seen in the C-suite in over 15 years.
With the economy so far navigating through recession risks, ENR’s Construction Industry Confidence Index shot up 11 points this quarter to a cautiously pessimistic 44 rating, with 68% of survey respondents seeing the current market as either stable or improving, up from 62.7% last quarter.
If you could foresee construction problems, wouldn’t you prevent them from happening? In the 2002 film “Minority Report,” police use the foreknowledge of psychics called “precogs” to predict and preemptively stop crimes.
After a dozen years that included a successful tunneling feat and an unusual arrangement for station work, a 1.7-mile, $1.9-billion extension of San Francisco’s Central Subway wrapped up this month.
Representatives of major construction and transportation groups say that highway and transit funds from the Infrastructure Investment and Jobs Act continue to move out, financing active projects around the country at a solid pace.
Terry O'Sullivan has led the Laborers’ International Union of North America since 2000. His replacement, Brent Booker, is LIUNA vice president and a third-generation member of the union.