Trump voters ain't gonna fix this destruction. |
Actually, there's plenty of capital sitting on the sidelines but not enough labor to get the construction work going. This is one industry where automation won't be of much help for the foreseeable future:
Even before Hurricane Harvey made landfall, 69 percent of Texas contractors had trouble filling jobs. Now, it’s estimated that 200,000 Houston homes will require work or complete reconstruction. Who will build these houses? What about the commercial infrastructure and public schools, highways and bridges that also sustained so much damage?
We go back to the same old problem: instead of ramping up immigration to help (re-)build America, the Trumpian set is busy doing the opposite:
One way to do that is to completely overhaul our broken immigration system. The last comprehensive reform was in 1986. Our visa system fails to match supply with demand. Congress must rebalance the numbers and even consider increasing legal immigration so we can attract all the workers we need — high skill, low skill and no skill. As Sen. Jeff Flake (R-Ariz.) said in a recent op-ed, we can’t forget that the ability to work hard sometimes is the only skill a job requires.The problem is that the likes of Trump and his supporters have the opposite perception: coloreds and other foreigners are "stealing" their jobs. The honest answer is, again, that gringos simply don't want to do construction work in sufficient numbers [1, 2]--otherwise you wouldn't have this problem to begin with. Ultimately, I do believe that Trump is setting the stage for lower potential US economic growth through these racist/protectionist measures.
Just wait and see as Houston remains literally underwater.