08/14/2026
Reason Magazine Specifically, the International Union of Elevator Constructors (IUEC), which has a near monopoly on elevator installation and repair work in America.
Labor costs are the single biggest part of installing a new elevator, and the IUEC likes it that way. Elevator construction is the highest-paid speciality construction job in the U.S., with hourly wages in excess of $51 in 2024. The union keeps those costs high by strictly controlling how many members it has: In 2021, more than 1,500 people applied to join New York City's local union of the IUEC. Only 115 were allowed to join.
America’s elevator shortage is making housing more expensive, buildings less accessible, and cities less dynamic—all because of bad regulations and union protectionism.