Help Wanted For Less Pay
In congressional testimony last summer, Federal Reserve Chairman Alan Greenspan cited shortages of construction workers and truck drivers as a sign of impending wage inflation. Since then, the lack has gotten worse. Trucking companies are complaining, while builders in go-go cities such as Houston and Phoenix report a lack of carpenters and electricians. "We have people crying for workers," says Daniel J. Bennet of the Associated Builders & Contractors.
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