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Instance #9843298 of people not understanding Baumol's Cost Disease. It is economically ridiculous to imply that, as technology advances, un-teched sectors sho
by _bin_ 2y ago
Instance #9843298 of people not understanding Baumol's Cost Disease.
It is economically ridiculous to imply that, as technology advances, un-teched sectors should continue paying people similar real wages. The only thing that will accomplish that when some sectors are being improved with technology and some aren't is working to apply that benefit as broadly as possible.