Highly recommend people follow up the Wikipedia article with this great piece on further implications of the Baumol Effect: https://marginalrevolution.com/marg

Highly recommend people follow up the Wikipedia article with this great piece on further implications of the Baumol Effect: https://marginalrevolution.com/marginalrevolution/2019/05/the-baumol-effect.html https://marginalrevolution.com/marginalrevolution/2019/05/th...