A comparative analysis of skilled labor productivity and wage inflation of BRIC countries with US in the Construction Industry

Productivity and wage inflation are two important parameters that help determine the quality and cost of employment in any region. A highly productive workforce is efficient and the quality of work is assured which is of immense criticality to the client. Wage inflation would be tolerated to a considerable extent if the quality of the workforce is promising. Furthermore, these factors are important while considering the construction of buildings as this would determine the timeline of construction as well as the quality and durability of the buildings constructed.