4.6 • 32K Ratings
🗓️ 23 November 2023
⏱️ 55 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | This episode is about a problem. It's a problem that has to do with how we build things in the U.S. |
0:10.5 | But it's not a new problem. The Department of Housing and Urban Development saw |
0:15.4 | it coming more than 50 years ago. |
0:18.0 | There's a report called A Decent Home from 1968, which was commissioned by the Johnson administration, |
0:23.2 | that basically said that construction productivity in the US had grown |
0:27.3 | about 2% per year in the 40s and 50s, and had in the 60s flatlined. |
0:32.4 | That is Ivan Rupnick. He is a professor. and had in the 60s flatlined? |
0:32.8 | That is Ivan Rupnick. |
0:34.4 | He is a professor of architecture at Northeastern University. |
0:38.0 | Productivity, as you probably know, |
0:40.0 | is how economists measure the relationship between the resources that go into a process, money, time, labor, things like that, and what comes out the other end. |
0:51.0 | Human kind has become much, much, much more productive over time, although not always and |
0:58.1 | not in every situation. |
1:00.3 | Let's say you get a new software program that helps you work faster, maybe even better. |
1:06.1 | That might lead to a gain in productivity. But if that same program is too complicated or glitchy, you might not get a gain in productivity. |
1:16.4 | Or maybe the new software is fantastic and fantastically fun and you spend hours doing something other than the work you're supposed to be |
1:25.0 | doing then your productivity might fall. So the productivity arrow doesn't always |
1:30.0 | travel in the direction you anticipate. And what happens if productivity declines in an |
1:36.1 | industry that is absolutely essential to our economy? Here is what that Johnson |
1:41.3 | Administration report said. |
1:43.4 | There was a potential for major societal impact, |
1:46.1 | not just for the construction industry, but for citizens |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Freakonomics Radio + Stitcher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Freakonomics Radio + Stitcher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.