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By Undustrial (registered) - website | Posted May 28, 2011 at 11:44:56 in reply to Comment 64135
Yes and no.
Labour is at least twice as productive per person/hour now as back then, due to more technology and greater efficiencies. And wages have been stagnating or falling for most labourers since the early 1970s.
On the other hand, the cost of administration has skyrocketed. So while that labourer might be producing far more per hour or dollar of wages, the project's budget will probably come in at several times what it would have back then.
"Today, the notion of progress in a single line without goal or limit seems perhaps the most parochial notion of a very parochial century." — Lewis Mumford
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