I wonder if Construction cost will go up now?

Saw this article thought some might be interested:
Construction wages up 82.5%
A deal was struck in the construction sector between the various bodies of that industry and the workers' representatives. The new package will yield the construction workers pay increases of 82.5%. Although union spokespersons Jose Eugenio Ruiz and Pedro Julio Alcantara had requested and fought hard for a 150% increase in workers' daily wages, the final deal was settled at 82.5%. The National Salaries Commission acted as the mediator in these negotiations and the final outcome establishes daily wages of RD$268 for non-specialized workers, RD$294 for skilled workers and RD$345 for assistants. Machine operators will take home between RD$448 and RD$639, depending on their experience and degree of expertise. The two groups also agreed to meet again in 18 months to review the salary structure within the construction sector. With this agreement, it appears that only the tourism sector remains to formulate a new wage agreement with its workers.

you got to consider two things: 1. quite a lot of the construction workers are haitians, often illegals, not benefitting of no minumum wages, although they are liked as good and hard workers. 2. when it comes to private construction, every future houseowner pays about what the market demands.
but for industrial constructiion, big housing projects and tourism, the prices go up.
there is a little hope, that imported material will go down a bit due to lower dollar rates.

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Originally Posted by domfan

you got to consider two things: 1. quite a lot of the construction workers are haitians, often illegals, not benefitting of no minumum wages, although they are liked as good and hard workers. 2. when it comes to private construction, every future houseowner pays about what the market demands.
but for industrial constructiion, big housing projects and tourism, the prices go up.
there is a little hope, that imported material will go down a bit due to lower dollar rates.

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Where is most stuff imported from? I thought from the US?

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Originally Posted by Q & A Man

Quote:

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Originally Posted by domfan

you got to consider two things: 1. quite a lot of the construction workers are haitians, often illegals, not benefitting of no minumum wages, although they are liked as good and hard workers. 2. when it comes to private construction, every future houseowner pays about what the market demands.
but for industrial constructiion, big housing projects and tourism, the prices go up.
there is a little hope, that imported material will go down a bit due to lower dollar rates.

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Where is most stuff imported from? I thought from the US?

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rite us is the main supplier, thats why our prices for imported goods depend om the $rate, cause we got to buy dollars for payements.