By now, you have heard about
the labor shortages that are sweeping the HVAC industry.
This is creating a huge dilemma. In fact, no other
occupation on earth is in higher demand than HVAC
professionals. To make matters worse, the demand is expected
to grow by 15% through 2026. As HVAC business owners grapple
with the effects of the labor shortage, many wonder if the
next generation of workers (gen z born in the late 1990s -
early 2010s) will help lessen the demand.
The
pandemic has put an even greater strain on the HVAC industry
labor shortage, and the number of skilled laborers retiring
is still significantly greater than those entering the
field. However, the future looks promising as individuals in
generation z are starting to grow more skeptical of college,
and consider trade school over traditional 4-year colleges.
The student loan debt crisis, the increasing cost of a
4-year college degree, and the low pay rate of college
graduates are all factoring into why gen Z may choose the
trade school route. Additionally, the HVAC and trades
industry offers the opportunity to "be your own boss" and
this is also appealing to gen z.
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The tuition
for trades like HVACR is significantly lower than the
average cost of a 4-year degree. Apprenticeships also offer
students have the opportunity to earn while they learn, and
these factors are growing interest in trade school and
careers in the trades industry. Of course, there is other
work to be done to combat the HVAC labor shortages, but with
a shifting mindset of the next generation of workers, there
is a glimmer of hope.
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