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>So why would the wages go up if productivity is not up? The wages in lots of sectors without productivity gains have gone up because they must compete against
by dublinben 6y ago
>So why would the wages go up if productivity is not up?
The wages in lots of sectors without productivity gains have gone up because they must compete against sectors where productivity has gone up. This is known as Baumol's Cost Disease.[0]
[0] https://en.wikipedia.org/wiki/Baumol%27s_cost_disease https://en.wikipedia.org/wiki/Baumol%27s_cost_disease