Force 01
A generation of trade owners is timing out.
Roughly 41 percent of the construction workforce, management included, retires by 2031. Boomer-owned firms still make up about 51 percent of all U.S. small businesses, and 72 percent of those owners have no written succession plan. The handoff is structural, not optional.
NCCER workforce projection. Boomer-business ownership statistics aggregated from ADP, McKinsey Institute, and Hadley Capital.