"As tech giants race to build sprawling data centers-totaling $7 trillion in global capital outlays by the end of the decade-Huang believes the world is on the cusp of what he calls the "largest infrastructure buildout in human history," which will create "a lot of jobs." "It's wonderful that the jobs are related to tradecraft, and we're going to have plumbers and electricians and construction and steelworkers," he said in conversation with BlackRock CEO Larry Fink at the World Economic Forum in Davos, Switzerland."
"The hands-on skills needed to construct what he described as chip, computer, and AI factories are already facing shortages-even though many roles pay over $100,000 without requiring a college degree. One McKinsey report estimated that between 2023 and 2030, there will be a need for an additional 130,000 trained electricians-as well as 240,000 construction laborers and 150,000 construction supervisors-in the U.S. alone."
Massive investment in data centers and AI infrastructure will drive an unprecedented infrastructure buildout and large-scale hiring in skilled trades. Projects totaling about $7 trillion in global capital outlays by the end of the decade will require plumbers, electricians, construction laborers, supervisors, steelworkers, and other hands-on roles. Many of these positions can pay over $100,000 without a college degree. McKinsey forecasts U.S. shortages between 2023 and 2030 of roughly 130,000 electricians, 240,000 construction laborers, and 150,000 construction supervisors. Growth in chip, computer, and AI factory construction will sustain demand for tradecraft and on-site skilled labor.
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