“The average age of skilled tradesmen is 56 year old. Younger people are not entering the trades at a rate sufficient to replace retirements. As a result, 10 million new skilled workers will be needed by 2020.” – Matt Michel of the Service RoundTable.
Matt Michel wrote an eye opening lead-in to Ron Smith’s New Edition of HVAC Spells Wealth. Matt’s chapter, The Future of HVAC, creates a vivid picture of how the future could look.
Smart home technology, and rising electricity costs are going to put pressure on the HVAC industry. Big players are going to be looking at the segmented market of contractors, and see opportunity.
In addition, the labor shortage may just be the biggest threat independent contractors have ever faced.
Now is the time to rally, and promote the trades in your families and communities!