About 22.6 percent of the job reductions since the peak of the recession in December 2007 were construction workers, because construction requires workers at every step of production and cannot shed labor while maintaining output the way organizational-capital-heavy industries can.

factualpending

Speaker

Garrett Jones

Evidence Quote

one industry that's taken a huge hit in final production construction is one where you needed workers to do every step of the way

Source

Garett Jones on Macro and Twitter 02/22/2010EconTalk
Created: 6/17/2026, 10:31:36 AM

My Notes

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