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But the cost of labor in those countries is much lower than in the US, no? (It actually makes sound $1B/km in the US sound way better than $500M/km in HK.)
by zeroxfe 11y ago
But the cost of labor in those countries is much lower than in the US, no? (It actually makes sound $1B/km in the US sound way better than $500M/km in HK.)
- eru 11y agoGDP (and thus wages) in Singapore and Hong Kong are pretty high. If they can get cheaper labour for construction, than only because they make it easier to import cheap labour, because they have saner visa policies.
- yummyfajitas 11y agoOn average, no. If you adjust for PPP (as my source did), Hong Kong and Singapore are wealthier than the US. https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_pcap_pp_kd&scale_y=lin&ind_y=false&rdim=region&idim=country:HKG:SGP:KOR:USA&ifdim=region&hl=en&dl=en&ind=false https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&... However, due to exceedingly powerful transit unions, labor costs are higher in the specific case of infrastructure. As I said, waste.