Baumol Effect does not really explain much, in fact there are a lot of examples that directly contradict it. Check the section 3 of https://slatestarcodex.com/2

Baumol Effect does not really explain much, in fact there are a lot of examples that directly contradict it. Check the section 3 of https://slatestarcodex.com/2017/02/09/considerations-on-cost-disease/ https://slatestarcodex.com/2017/02/09/considerations-on-cost....