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The article does state that it’s especially bad in America, far worse than in Germany: > Construction holds the dubious honour of having the lowest productivit
by yashap 5y ago
The article does state that it’s especially bad in America, far worse than in Germany:
> Construction holds the dubious honour of having the lowest productivity gains of any industry, according to McKinsey, a consultancy. In the past 20 years the global average for the value-added per hour has inched up by 1% a year, about one-quarter the rate of growth in manufacturing. Trends in rich countries are especially bad. Over the same period Germany and Japan, paragons of industrial efficiency, have seen nearly no growth in construction productivity. In France and Italy productivity has fallen by one-sixth. In America, astonishingly, it has plunged by half since the late 1960s.