Study identifies reasons for soaring nuclear plant cost overruns in the U.S.

Re:Study identifies reasons for soaring nuclear plant cost o... by triceratops on Friday November 20, 2020 @02:14PM (#25163806)

This explanation doesn't really hold water. Some company is going to eventually win the contract by bidding with $20/hr welders right? It's not like the client is just going to give up on their project.

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Re:Study identifies reasons for soaring nuclear plant cost o... by throw0101a on Friday November 20, 2020 @03:22PM (#25164527)

> This explanation doesn't really hold water.

During the 2010-2019 US recovery wage stickiness was noticed, even with everyone complaining about not being able to find qualified workers. Companies were very reticent about increasing wages, often preferring to go with signing bonuses.

It is suggested that this reticence/stickiness was because after 2008-2009 GFC many places were stuck with high wages (from the previous boom), and getting people to cut their salaries was almost impossible.

* https://www.investopedia.com/terms/s/sticky-wage-theory.asp

* https://en.wikipedia.org/wiki/Nominal_rigidity

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Re:Study identifies reasons for soaring nuclear plant cost o... by spenczar5 on Friday November 20, 2020 @02:22PM (#25163885)

No, I think you do see clients give up. There are certainly more infrastructure maintenance projects in the US than governments are willing/able to pay for. I’m not sure the market can bear much higher costs for construction.

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Re:Study identifies reasons for soaring nuclear plant cost o... by freeone3000 on Friday November 20, 2020 @03:19PM (#25164492)

There was a rather famous story about Aceribo being abandoned due to lack of upkeep and high cost of repairs.

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