The forecasted labor costs in sewerage, waste collection, treatment, and disposal activities, including materials recovery, remediation activities, and other waste management services in the US, are projected to consistently increase from 2024 through 2028. Starting at 38.71 billion in 2024 and growing to 42.09 billion by 2028, this reflects an average annual growth rate of approximately 2.1%. In 2023, the labor cost was at 37.85 billion, indicating a steady upward trend.
Future trends to watch for include:
- Technological advancements potentially reducing labor intensity.
- Regulatory changes impacting labor demands.
- Shifts towards sustainable and circular economy solutions requiring adaptation.
- Economic factors influencing labor costs and investments in the sector.