While many people are panic-buying coffee, baked beans and various other post-Brexit goods, a (semi) silver lining is starting to emerge.
As it stands, the average salary for a construction worker is sitting at roughly £45,900, for a site manager, £50,500, and for a senior site manager £62,900! Amazingly, some construction workers are commanding wages not dissimilar to our MPs. Back in 2017, the average salary for a construction worker was considerably less, at only £42,300.
That's incredible news for the lucky individuals working in these construction roles, but the reason their wages are so high leaves much to be desired for the British economy.
Why Have Construction Wages Gone Up?
The uncertainty around Brexit is (unsurprisingly) causing workers from overseas to lose confidence in Britain and the job prospects it can offer. As expected, they're beginning to seek work elsewhere in the world. On top of that, many foreign nationals who have been living and working here for years are getting cold feet and seriously considering packing up and leaving (if they haven't done so already).
Whether this will have a positive impact on the construction workforce long-term is yet to be seen, but the initial impact has been somewhat fruitful for those that remain.
The Construction Worker Commodity
Nearly 1/3 of construction workers in London are originally from Europe. As Brexit takes its toll, our pool of EU construction workers is starting to evaporate, leaving the remaining workers to fulfil demand. As with any commodity, be it gold or grain, it becomes more valuable as it goes down in number - construction workers are no exception!
So, as the number of construction workers in the UK goes down, the demand for skilled workers goes up and suddenly, being good at your job makes you considerably more valuable than you may have been a few years ago!
The downside of all this? Brexit is putting extra strain on manufacturers who are unable to progress with business as usual until Brexit has blown over.
Time to Train
If you've been thinking about learning a trade or working in the construction industry, it seems as though there's never been a better time to start! Not only can you benefit from steadily increasing salary prospects, but you can also help keep Britain's construction industry afloat in this time of turmoil!
Here at Access Training Academies, we offer avenues into a huge range of construction industries, including but not limited to:
And more! If none of these courses takes your fancy, there's plenty more for you to choose from. If you're interested in starting a new career in a professional trade, then give us a call on 0800 345 7492 now!