CRUMBLING CONSTRUCTION

Since 2000, labor productivity has risen by 54%, during the same period output/worker in construction has fallen 8%. It’s due to a combination of fragmentation due to overregulation leading to underinvestment. Research has shown that construction firms with over 500 employees are 2x as productive as firms with 100-249 employees, 4x as productive as firms with under 20 employees. Construction firms unite; you have nothing to lose but lousy productivity.