3 ms·
It's baumol's cost disaease no? rising wages in one sector, have a side-effect of bringing up wages in another.
by trgn 2y ago
It's baumol's cost disaease no? rising wages in one sector, have a side-effect of bringing up wages in another.
- boringg 2y agoI agree that its possible but it seems to be the authors trying to cast a wide net via hypotheticals. Its easy to say its possible - but without any evidence its heresay, and within a paper like this its about trying to show the widest and broadest potential wage suppression possible. It seems sloppy to me to be honest.