Explore how the One-Third Rule estimates changes in labor productivity from shifts in capital investment, impacting economic growth and living standards.

Labor productivity—output per hour worked—drives long-run economic growth. Business leaders looking beyond the next two years will find that their companies’ fortunes are tied to the economy’s growth ...

With labor being the greatest risk in construction, a full understanding of labor components will provide the estimator with the ability to determine a project’s labor costs as accurately as possible.

As a university employee and since then, David Peetz has undertaken research over many years with occasional financial support from governments from both sides of politics, employers and unions. He ...