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Reply to "How did such beautiful infrastructure get built from 1900-1950?"
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[quote=Anonymous][quote=Anonymous]Profit margins have greatly expanded at the expense of wages, cost of materials, etc. Land cost was a much smaller percentage of the building cost back in 1900. In other words, all the efficiency gains in real estate are going to capital. A "ho hum" building back then was built of steel, brick, masonry, and took many skilled craftsmen to custom design and create every ornamental feature. Now? Land is expensive and developers want to build as cheap as possible. As much as possible is mass produced and standardized offsite. Buildings now are also much less maintenance intensive compared to the gorgeous buildings of 1900. Capital demands its outsized returns.[/quote] Yes, this. Or in other words, the concentration of wealth in the hands of the 1%. No more good masonry jobs. [/quote]
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