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You call out healthcare and education as going up in cost. My understanding is the reason certain industries are becoming "more expensive" (relatively) is beca
by pfranz 7y ago
You call out healthcare and education as going up in cost. My understanding is the reason certain industries are becoming "more expensive" (relatively) is because while automation reduces the cost of things like TVs or raw materials, industries like education and medicine still require about the same human ratio of input to output. Ignoring healthcare (which I think has the same problem, but there are way too many other variables), is education getting more expensive or is everything else getting cheaper? If so, will reform actually do anything?
To rebut my own point, I can see restructuring the cost of education even if the cost is roughly the same. You probably wouldn't have AARP talking about student debt for retirees [1]
[1] https://www.aarp.org/money/credit-loans-debt/info-2019/student-loan-debt-report.html https://www.aarp.org/money/credit-loans-debt/info-2019/stude...
- zaroth 7y agoIt’s a lot worse than a lack of productivity improvements. You might appreciate SlateStarCodex’s article on cost disease. https://slatestarcodex.com/2017/02/09/considerations-on-cost-disease/ https://slatestarcodex.com/2017/02/09/considerations-on-cost...