Most people who do IT can become an electrician ? Im curious why you think that. Also Im not too sure about high demands for electricians. This seems to rely on a booming real estate market which is in a whole world of trouble
> Most people who do IT can become an electrician ? Im curious why you think that.
It's fundamentally the same kind of mix between following bureaucratic rules and manipulating man-made technology.
> Also Im not too sure about high demands for electricians. This seems to rely on a booming real estate market which is in a whole world of trouble
Real estate prices are still incredibly high, driven by undersupply of housing, which is unlikely to abate soon. As long as prices are high, construction will be profitable. If prices crash the Fed is likely to lower interest rates which makes construction profitable again, because the prices are lower but so are the construction company's borrowing costs.
There also seems to be some political support for doing something about the high housing costs, like relaxing zoning rules, which would allow new construction in places it's currently prohibited.
> If prices crash the Fed is likely to lower interest rates which makes construction profitable again, because the prices are lower but so are the construction company's borrowing costs.
The Empire is global. If the Fed lowers interest rates, not only can foreign nationals borrow at lower rates directly or indirectly from US banks, because of that the central banks in other countries tend to follow suit.
