Construction workers in the US enjoyed real-wage growth of 2.9% last year, the highest of any sector in the country, the ADP Research Institute said.
The finance industry came second with real-wage growth of 1.6%. Everyone else’s real wages shrank in 2022.
Real wages indicate a person’s purchasing power adjusted for inflation.
Construction workers are also among the most satisfied with their pay, with 20% of them feeling unfairly paid, the second lowest percentage outside of technology workers (17%).
The least satisfied group was education workers, 41% of whom feel unfairly paid, said ADP.
ADP’s findings are based on data representing 25 million people and monthly surveys of 2,500 randomly-selected workers.
Last month, employers body the Associated General Contractors of America called for more immigration and training as the total number of construction job openings hit a near-record high.
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