Fiscal Cliff Imperils Design and Construction Industry

An American Institute of Architects (AIA) report released this week estimates that the mandatory federal spending cuts looming at the start of next year could cost the design and construction industry 66,500 full-time positions.

The AIA's report [PDF] on the potential for $2 billion in lost work if massive mandatory federal spending cuts go into effect on January 2 will be unwelcome news for the struggling design and construction industry, among the hardest hit by the recession. 

"At a time when both political parties are campaigning on being the best at creating jobs, both are risking the jobs of millions of Americans by placing ideology above governing," said AIA President Jeff Potter, FAIA.

According to an AIA press release accompanying the report, "as many as 66,500 full-time positions could be lost in a sector that accounts for roughly 11 percent of the nation's economy." 

"The design and construction industry is a significant portion of the national economy, and we urge both sides to put aside their political differences and come up with a budget that keeps people working, especially if they are working on a national infrastructure befitting of the 21st century," Potter said.

 

Full Story: Looming “Fiscal Cliff” Impasse Could Cost Design and Construction Industry More Than $2 Billion in Lost Work, Architects Warn

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95
Planetizen Courses image ad

Looking for the perfect last-minute gift?

A one-year subscription to Planetizen Courses is the gift that will continue giving all year long.
$144