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NEW from ICBA Chief Economist Jock Finlayson:
The IMF says 40% of jobs worldwide will be hit by AI.
Construction? Way less exposed than most.
Only ~1 in 5 journeyperson trades face high automation risk — and a 12% jump in construction labour demand is projected by 2030.
The
Canada's productivity gap with the U.S. just hit a record. Construction — 8-9% of GDP, 1.5 million jobs — is a big part of why.
ICBA Chief Economist Jock Finlayson on a new Goldman Sachs study, and what it means for Canadian wages, housing costs, and competitiveness: