I feel that we should be concerned because there is always construction going on in our world and there always will be so what will happen to the construction industry if oil companies keep stealing their employees. Yes, I know that they can hire more but the experience in those people is needed, especially for good training. I believe that oil companies should be going and hiring their own workers.
If construction companies are having to constantly rehire because their workers are being lured away for better earnings in the oil industry, what does that do to the housing market? Construction companies will have to increase wages to keep the employees they have or constantly expend resources to train replacement workers. The result of this mass exodus from the construction industry, because oil companies are offering six-figure wages to new oil company employees, will most certainly result in an increase in housing prices and a shortage of homes, especially in those areas where the oil business is booming.
No, we should not be concerned that oil companies are stealing employees from construction companies as this is a part of Corporate America. Companies steal employees from other companies every day, and this is no different. If the construction industry would like to hold onto their employee, they need to offer a better compensation package than the oil industry is.
We have an surplus of construction and construction workers in this country. It is great that more and more are finding work in the oil industry. Construction companies can train new workers when they are needed which will expand the labor pool and give the unemployed and underemployed new opportunities.