Mobilizing the Nation: Highway Industry Staffs Up
The Wall Street Journal reported this week that highway contractors are staffing up in anticipation of more work following Congress' and President Clinton's authorization of record road spending in May's 6-year Transportation Equity Act. The companies anticipate a quick pick up in contracts as the federal dollars flow through state transportation departments. The program is so big some economists think it could exacerbate existing construction industry labor shortages and further drive up wages. "You'd rather do this during a recession," one economist told the Journal.
