The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 9 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Young: Top construction firms employ only 5% of all builders
“The top construction firms, the ones who employ over 10,000 field workers, hire only five percent of all builders. Whereas in services or manufacturing, the top firms, they're employing like 25% of the industry.”
Young: Construction labor productivity is lower today than 60 years ago
“We are less productive today than we were 20 years ago than we were 60 years ago, and it's completely unbelievable.”
Young: Traditional bathroom construction requires 10 to 20 separate subcontractors
“It takes somewhere between 10 to 20 different subcontractors that touches a bathroom, which is crazy, right? You only think of like, you know, maybe the plumbers but there's the concrete subcontractor, there's a mechanical subcontractor, the electricians, the …”
Young: General contractor margins are only 1% to 3%
“Their margins for a general contractor are something like one to three percent.”
Young: Global infrastructure will fail within a decade without productivity gains
“Construction is the infrastructure of this world, and if we're unable to figure out how to solve this productivity problem, we'll be unable to deliver the infrastructure that this world needs, not in the next 15 years, in the next decade.”
Young: Off-site modular bathroom fabrication saves two weeks on building schedules
“They can fabricate 20 of these things and then drop it into the building and then gain two weeks in the schedule versus trying to get one scope done at a time and then sequencing everyone in.”
Young: Construction represents 13% of global economic output
“Construction accounts for 13% of global output.”
Young: One in 10 people globally works in construction
“Literally one out of every 10 people in the world eat, sleep, and breathe construction every single day.”
Young: Projects over $50M require building physical mock-up rooms
“Something that always gets specced into larger projects, let's say anything over fifty million dollars or more, is the concept of a mock-up room. They'll take the most common rooms, let's say bathrooms or in a hospital exam rooms, and they'll build a physical …”