The Impact of Labor Shortage on Construction Contractors

The first thing we've seen that's making it worse than ever is there's no people, right? I don't know where the people are gone, but they must have gone somewhere. But everybody— so we work in the US, Australia, New Zealand. I've got plenty of contacts in Ireland and the UK as well. You can probably tell by my accent, and everyone is saying there's not enough people. So there's— we're not able to get enough people to do the projects, which means the rates of the people are going through the roof. They can't get the people to go through, which means that they can't deliver on the projects they were supposed to deliver on, and they're running late. They're going to hit with liquidated damages, and then they have massive cash flow issues and they can't complete the project because they're not getting paid, and then they go out of business.