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