Most industries have become more productive over time. But not construction! We identify the causes — and possible solutions. (Can you say ... “prefab”?)
RESOURCES:
• " The Strange and Awful Path of Productivity in the US Construction Sector • ," by Austan Goolsbee and Chad Syverson ( BFI Working Paper, • 2023). • " Infrastructure Costs • ," by Leah Brooks and Zachary D. Liscow ( American Economic Journal: Applied, • 2023). • " The Silicon Valley Elite Who Want to Build a City From Scratch • ," by Conor Dougherty and Erin Griffith ( The New York Times, • 2023). • " A Decent Home • ," report by the President's Committee on Urban Housing (1968).
EXTRAS:
• " Edward Glaeser Explains Why Some Cities Thrive While Others Fade Away • ," by People I (Mostly) Admire • (2021). • " Why Are Cities (Still) So Expensive? • " by Freakonomics Radio • (2020).
SOURCES:
Vaughan Buckley • , founder and C.E.O. of the Volumetric Building Companies. Carrie Sturts Dossick • , professor of construction management at the University of Washington. Ed Glaeser • , professor of economics and chair the economics department at Harvard University. Michael Hough • , director of MJH Structural Engineers. Ivan Rupnik • , professor of architecture at Northeastern University. Chad Syverson • , professor of economics at the University of Chicago.
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