4 ms·
"As other countries expanded their output, adopted modern production methods, and built new, efficient shipyards, British shipbuilders found themselves increasi
by vatsachak 1y ago
"As other countries expanded their output, adopted modern production methods, and built new, efficient shipyards, British shipbuilders found themselves increasingly uncompetitive."
This feels like the US with longshoremen and coal
- Incipient 1y agoI do feel the cost of labour is DRASTICALLY understated. Even today, Asian shipyards have people crawling all over them. My last job, in oil and gas, on a large offshore vessel had I think 4000 people engaged in the shipyard during construction.
- vatsachak 1y agoEven then, living costs in the US are quite bloated due to over-regulation Labor in the US is extremely pricey because you have to keep the landlords happy
- deleted 1y ago[deleted]
- blitzar 1y agoThe cost of labour is DRASTICALLY overstated (except when it comes to executive pay then its apparently good value for money?), and the push/obsession with supernormal profits is DRASTICALLY understated.
- EdwardDiego 1y ago> Even today, Asian shipyards have people crawling all over them. When you don't have a minimum wage, or your minimum wage is vastly lower than other competitors, it's far more efficient to hire more people than to invest in process improvements.