The American construction industry, reponsible for nearly 4% of the
nation's Gross Domestic Product, directly employs over five million
people and provides millions of additional support jobs in related
fields. This book provides an introductory overview of the economic
aspects of the industry, including the historical development of
building activity from earliest times to modern day market-based
construction, including the work of individual artisans to complex
construction unions. The book explores current trends in labor
force participation; the measurement of industry performance; the
determinants of investment; government involvement; competition;
wage determination; training; and worker safety.
General
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