During the week of July 25, the House and Senate passed AGC-backed legislation—the CHIPS Act of 2022—that will provide $39 billion for the building, improvement, and expansion of semiconductor manufacturing plants across the nation.

Seeking to find ways to help America build, key congressional leaders bring in AGC to talk about its Climate Change Task Force report, the challenges of the federal environmental permitting process and more.

According to the latest Contractor Compensation Quarterly (CCQ) published by PAS, Inc., contractors are projecting 2022 construction staff wages to increase an average of 4.17%, as reported by over 340 companies in the 40th edition of the Construction / Construction Management Staff Salary Survey. For pay increase comparison, according to the WorldatWork, across all industries exempt professionals saw 2021 actual increases of 3.0% and they are projecting 2022 increases of 3.3%. For construction WorldatWork reported a 3.4% increase in 2021 and an early projection of 3.4% for 2022.