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It would be great to dig deeper into this. On one hand there is inflation of material costs, workers' earn more. Quailty is supposed to improve too. On the other hand technological innovation is supposed to make things more efficient.
Agrees. It's in 2017 dollars, so inflation in materials and workers wages should be already netted out no?
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Ah i see. It is different but still complex then (e.g. real wages grew before the 80s but not after). Also not sure how many people a train carried a hundred years ago per hour vs now. How much is it above/below ground (ny high line). The topic needs a book.
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I'm reminded of slatestarcodex's cost disease article. I asked someone pretty high up at the MTA. He said the problem was Nimbyism and unnecessary regulation like minority procurement requirements.
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