Merit Shop Contractors 2021 and 2022

Merit Shop contractors anticipate skilled craft hourly wage increases of 4.52% in 2022 (4.39% including zeros). Actual increases for 2021 were 4.42% (including zeros) and 4.65% (excluding zeros). These increases are across the board for all craft, contractor types, sizes, and regions of the country. WorldatWork reports 2022 actual construction increases at 4.1%. Historically, survey participants projected numbers are slightly lower than the actual year end figure.