The cost of construction has risen faster than wages in the last decade, but a new study shows that cement is contributing to that trend.
In a report released Thursday, a group of researchers at the University of Texas at Austin found that concrete is costing workers $5.34 for every $1 they earn.
That compares to $3.76 in the previous decade, according to the Center for Economic and Policy Research.
“There is a clear connection between cement’s increased cost and wage stagnation and the stagnation of wages,” said John Binder, a professor of political science at the university.
“There’s a significant correlation between wages and cement costs.
It’s not just the amount of cement that’s out there, it’s the amount that’s coming in.
It is not just a cost of production, it is a cost for labor.”
The researchers examined data from a study conducted by the Bureau of Labor Statistics.
They calculated the cost of building a new building and the value of the finished building.
They then calculated the average cost per unit of cement to build that building.
For instance, a two-story, 1,400-square-foot building that takes a worker five hours to complete costs $9,800.
On the other end of the spectrum, a four-story concrete building with a four person crew costs $6,500.
The researchers also calculated the value that the average worker earned for his or her labor.
They found that cement workers were more likely to earn between $1,700 and $2,400 per week, which is higher than the average hourly wage of $7.77.
The study found that a two person crew working the same cement job in the same building paid about $10,200 more than the worker earning the same amount in cement.
The study also found that workers with lower levels of education were more expensive to work for.
“I think what’s really interesting is that cement does have a lot of spillover effects that impact other sectors,” Binder said.
“For example, cement workers are more likely than cement workers in other industries to be women, people of color, people with a lower level of education.”