4 ms·
Efficiency gains only lead to lower prices if they are bigger than wage increases. And those are driven by efficiency gains of the rest of the economy. Sure you
by legulere 2y ago
Efficiency gains only lead to lower prices if they are bigger than wage increases. And those are driven by efficiency gains of the rest of the economy. Sure you can gain here and there some wins, but in the end construction is still a very labor-intensive job.
- ziddoap 2y agoThe percent efficiency gain in labor when we moved from hammer & nail framing to nail gun framing significantly outpaced the percent wage increase framers experienced. But yes, absolutely, you are right that there are many variables at play. Which is what my original post, and the person I replied to, were trying to convey.