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I 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 larg
by Incipient 11mo ago
I 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 11mo 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 11mo ago[deleted]
- blitzar 11mo 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 11mo 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.