I do feel the cost of labour is DRASTICALLY understated. Even today, Asian shipyards have people crawling all over them.
My last job, in oil and gas, on a large offshore vessel had I think 4000 people engaged in the shipyard during construction.
My last job, in oil and gas, on a large offshore vessel had I think 4000 people engaged in the shipyard during construction.
When you don't have a minimum wage, or your minimum wage is vastly lower than other competitors, it's far more efficient to hire more people than to invest in process improvements.
Labor in the US is extremely pricey because you have to keep the landlords happy