kewp this is not what happens at all. Contruction slows. Most everyone involved gets a smaller piece of the pie.Some don’t miss a beat. It is not like most 9-5’s where the gig is on or off. People have to compete a little more on price maybe take on jobs they didn’t normally do.People shuffle around a bit.Some leave for greener pastures. There usually has to be some precautionary or mandatory belt tightenting. Those who didn’t prepare may lose a car or a house, some will file bankrutcy, but life goes on and construction goes along at a liveable clip through a recession, at least the one’s we have had in my adult life. I think Rich’s charts, on the topic of levels of employment,when he posts them, support that too.
