FWIW Alex Tabarrok (economist) wrote a small book analyzing this and came away with the conclusion that it's mostly Baumol; if you're interested in a deeper div

FWIW Alex Tabarrok (economist) wrote a small book analyzing this and came away with the conclusion that it's mostly Baumol; if you're interested in a deeper dive: https://www.lesswrong.com/posts/FCMfToFnRXhsfpfQB/book-review-why-are-the-prices-so-damn-high https://www.lesswrong.com/posts/FCMfToFnRXhsfpfQB/book-revie...