Demand Elasticity | Total Construction | Contractors + Supervisors | Construction Trades | Other Trades | Helpers Construction |
0.31 | $41,567,118.06 | $4,783,637.81 | $6,881,290.70 | $22,785,004.42 | $7,117,185.13 |
0.416 | $55,780,390.69 | $6,419,333.32 | $9,234,248.17 | $30,576,005.94 | $9,550,803.27 |
0.459 | $61,546,152.23 | $7,082,870.18 | $10,188,749.78 | $33,736,506.55 | $10,538,025.72 |
0.533 | $71,468,625.58 | $8,224,770.82 | $11,831,380.46 | $39,175,507.61 | $12,236,966.69 |
0.583 | $78,172,999.46 | $8,996,325.30 | $12,941,266.06 | $42,850,508.32 | $13,384,899.77 |
0.737 | $98,822,471.01 | $11,372,713.12 | $16,359,713.70 | $54,169,510.52 | $16,920,533.68 |
0.751 | $100,699,695.70 | $11,588,748.38 | $16,670,481.66 | $55,198,510.72 | $17,241,954.94 |
0.881 | $118,131,067.79 | $13,594,790.04 | $19,556,184.22 | $64,753,512.57 | $20,226,580.96 |
0.909 | $121,885,517.16 | $14,026,860.55 | $20,177,720.15 | $66,811,512.97 | $20,869,423.49 |
0.961 | $128,858,066.00 | $14,829,277.22 | $21,332,001.17 | $70,633,513.72 | $22,063,273.90 |
1.056 | $141,596,376.38 | $16,295,230.74 | $23,440,783.81 | $77,616,015.07 | $24,244,346.76 |
Wage increase 10%. Demand elasticities from Navaretti et al. (2003) | |||||
0.24 | $32,180,994.63 | $3,703,461.53 | $5,327,450.86 | $17,640,003.43 | $5,510,078.81 |
0.36 | $48,271,491.95 | $5,555,192.30 | $7,991,176.30 | $26,460,005.14 | $8,265,118.21 |
0.43 | $57,657,615.38 | $6,635,368.58 | $9,545,016.13 | $31,605,006.14 | $9,872,224.53 |
0.58 | $77,770,737.02 | $8,950,032.04 | $12,874,672.92 | $42,630,008.28 | $13,316,023.79 |
0.59 | $79,111,611.80 | $9,104,342.93 | $13,096,650.04 | $43,365,008.42 | $13,545,610.41 |
0.63 | $84,475,110.91 | $9,721,586.52 | $13,984,558.52 | $46,305,008.99 | $14,463,956.87 |
0.65 | $87,156,860.46 | $10,030,208.32 | $14,428,512.76 | $47,775,009.28 | $14,923,130.11 |
0.68 | $91,179,484.79 | $10,493,141.01 | $15,094,444.12 | $49,980,009.70 | $15,611,889.96 |
0.7 | $93,861,234.34 | $10,801,762.80 | $15,538,398.36 | $51,450,009.99 | $16,071,063.19 |