Only New York and San Francisco have higher construction costs than the Chicago market, according to a report from Jones Lang LaSalle. Construction costs here have risen 31.6 percent over the past decade, more than any other metro area in the Midwest but less than several others in the country, especially those on the West Coast, the report shows.
Look no further than the increases in pension and health benefit costs under prevailing wage laws. Pension cost per hour for most building trades doubled over the past decade.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Look no further than the increases in pension and health benefit costs under prevailing wage laws. Pension cost per hour for most building trades doubled over the past decade.