Baumol's cost disease. https://en.wikipedia.org/wiki/Baumol%27s_cost_disease https://en.wikipedia.org/wiki/Baumol%27s_cost_disease Everything he complains abou

Baumol's cost disease. https://en.wikipedia.org/wiki/Baumol%27s_cost_disease https://en.wikipedia.org/wiki/Baumol%27s_cost_disease Everything he complains about are services, or labor-heavy products. All prices are relative. As manufactured goods become cheaper, services and labor become more expensive.