3 ms·
Textbooks = cartel economics, captive market. Tuition = gatekeeper for a better life, rent-seeking, high barriers to entry. Child care = Labor-intensive, demand
by squozzer 10y ago
Textbooks = cartel economics, captive market.
Tuition = gatekeeper for a better life, rent-seeking, high barriers to entry.
Child care = Labor-intensive, demand > supply, probably high barriers to entry.
Health care = Labor-intensive, demand > supply, high barriers to entry, anti-competitive activities enshrined in law.
Food = Labor-intensive, high barriers to entry, subsidized (note: not much higher than CPI.)
Housing = hugely illiquid, increasing supply / density very difficult, price dominated by other factors (schools, commutes, crime rate) (note: not much higher than CPI, probably because it has as many downs as ups.)
- notadoc 10y agoThere is practically no barrier to entry in childcare, except for a background check and the willingness to raise someone elses children for minimum wage.