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The Cost of Electrical Work

April 11th 2023

According to the Bureau of Labor Statistics, the cost of electrical work has been steadily increasing over the past decade. Between 2010 and 2020, the average hourly wage for electricians increased from $24.94 to $29.70, which is a 19% increase. This increase can be attributed to a variety of factors, including inflation, increased demand for skilled labor, and changes in technology.

One of the main reasons for the rising cost of electrical work is inflation. As the cost of living goes up, so does the cost of labor. This means that electricians need to charge more for their services to maintain their standard of living. Inflation also affects the cost of materials used in electrical work, such as copper wire and circuit breakers.

Another factor contributing to the rising cost of electrical work is the increased demand for skilled labor. As more and more people rely on technology and electricity, the demand for electricians has increased. This has led to a shortage of skilled labor, which means that electricians can charge more for their services.

Additionally, changes in technology have also contributed to the rising cost of electrical work. New technologies, such as smart homes and renewable energy systems, require more specialized knowledge and equipment, which can drive up the cost of electrical work.

It’s worth noting that the rising cost of electrical work isn’t just limited to residential and commercial properties. The cost of electrical work for infrastructure projects, such as highways and bridges, has also increased. According to the American Society of Civil Engineers, the cost of infrastructure projects has increased by 2.4% annually since 2000.

In conclusion, the cost of electrical work is going up, and it’s important to understand the reasons behind this trend. Factors such as inflation, increased demand for skilled labor, and changes in technology are all contributing to the rising cost of electrical work. As we continue to rely more on electricity, it’s likely that the cost of electrical work will continue to increase in the coming years.