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Meme Weeding: High Wages and Baumol's Cost Disease

Alon Levy · 22 Jun 2024

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Britain has a systemic problem building large infrastructure projects, including reservoirs

It’s turned entire countries, like the United Kingdom, incapable of building more than about one line per generation.

Also said by Hannah Ritchie

Read the piece on pedestrianobservations.com ↗

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Alon Levy did not write this page.

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  1. In fact, even though growth in average infrastructure costs over time is documented, there is very little cross-national correlation between GDP per capita and per-km subway construction costs.
  2. It’s not that the Anglosphere is rich; it’s that it’s the Anglosphere and builds inefficiently.
  3. Well, we’ve divided the New York cost premium into three tranches: labor (mostly overstaffing, not high wages), station and system design, and procurement and soft costs.
  4. It’s turned entire countries, like the United Kingdom, incapable of building more than about one line per generation.

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