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one out of six construction workers is out of work. That's insane! More than 80% of construction workers are still employed? We were only building ~25% too muc
by byrneseyeview 17y ago
one out of six construction workers is out of work.
That's insane! More than 80% of construction workers are still employed? We were only building ~25% too much?
I would expect the construction sector to shrink by something more like 50%.
- mahmud 17y agoMy hunch sides with yours as well, but I think they're discounting the HUGE segment of undocumented day laborers. When I left the U.S. a little over a month ago, we had hispanic day laborers loitering outside grocery stores in midday in northern virginia. Normally you wouldn't see them after 9AM or so. The "undocumented" workers are undocumented only in government reports, but their impact and contributions are felt throughout.
- maigret 17y agoIn France they got a law to help restaurants. Effect of the law? No additional employment - and - productivity decreased. Why? Most restaurant used the additional money to hire officially people working unofficially before that...
- ovi256 17y agoFor those who want to know, they changed the sales tax on restaurant meals from 19.6% to something much lower like 5.5%.
- quizbiz 17y agoNow is an incredibly cheap time to construct. 3 CVSs are being built in my area.
- donaldc 17y agoI'm assuming some of those still employed switched to other lines of work.
- req2 17y ago"Out of work" may be a misleading stat here. I don't know what realistic overtime hours for construction workers are like, so it may be a bit of a stretch to say 6 workers * 60 hours/each -> 5 workers * 38 hours/each would fit the same 'one out of six' but still shrink work done by nearly 50%.