Correction of the chart in the
last post - this time using the proper figures properly. Still the same question. Why is the Spanish construction industry using twice as much labour to produce one home as it did prior to 2009?
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7 comments:
just a wild guess: illegal immigrant labour has become surplus to requirement?
Yup. That's got a lot to do with it.
Or it could be the type of housing they are working on.
I think the new data corrected for that, if I understand your point.
Speaking of housing, you haven't been filling us in on your travails.
The Y-axis units on your graph appear to have changed since last week.
Like I said - proper data used properly. Found series for residential construction workers (or something similar) and calculated work in progress as completions + last year's starts. The result's considerably more credible, imo.
Fixed costs?
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