Wednesday, January 23, 2013

Correcting our last post (question remains)

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:

cig said...

just a wild guess: illegal immigrant labour has become surplus to requirement?

Charles Butler said...

Yup. That's got a lot to do with it.

santcugat said...

Or it could be the type of housing they are working on.

Charles Butler said...

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.

Christian said...

The Y-axis units on your graph appear to have changed since last week.

Charles Butler said...

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.

Maturrias said...

Fixed costs?