Crane operators are struggling to find new work in the industry, and there are fears that more work will be needed to keep the industry alive in the coming years.
The U.S. Bureau of Labor Statistics estimates that crane operators will need at least 1.5 million more crane jobs over the next decade, but there are signs that the industry may be in recession.
Crane operators who need the most work will have to pay higher rates of return on their investments, said Peter T. Jones, president of the Crane Association, an industry group that represents crane operators.
He expects that rate of return to rise in the years ahead.
“It’s going to be more expensive to get that job done than it is to find a new job,” Jones said.
The National Association of Contractors estimates that there are about 40,000 crane operators who earn the minimum wage and who are earning about $10 an hour.
The industry has been struggling for decades, and the downturn has been particularly hard on crane operators, who earn about $40 per hour.
Construction cranes have also been hit hard by the recession.
In March, construction cranes were down 17 percent in March from the same month last year.
Construction has been a critical industry in the U.K. and U.N. It was up more than 20 percent from the year before.
The impact has been felt particularly hard in the construction industry, where a combination of rising interest rates and slow demand have made it difficult for the industry to expand.
Jones said it’s difficult to predict how much more work crane operators need to do to keep pace with demand.
“What I would hope is that they’re not just looking at it as just the amount of work they need to go to be able to meet the new demand,” Jones told ABC News.
“I think that they are looking at the whole picture.”
Construction is a growing sector in the country, with new businesses popping up every year, and it’s likely that there will be more crane work needed to support those new businesses, Jones said, and he’s not sure how much crane operators can expect to earn on the jobs they already do.
He also thinks the downturn is having an impact on the industry’s ability to attract and retain qualified workers.
“The demand has been very, very slow,” Jones added.
“That’s one of the reasons that so many people are not being able to get the jobs that they need.”