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The U.S. has also become ridiculously expensive. Yeah the dollar is stronger which is great to buy imports. But you cannot import housing, most healthcare, mo
by addicted 2y ago
The U.S. has also become ridiculously expensive.
Yeah the dollar is stronger which is great to buy imports.
But you cannot import housing, most healthcare, most services like cooks, cleaners and bartenders.
- astrange 2y agoServices are naturally expensive when people are earning more. That's a sign of low income inequality and low unemployment. https://en.wikipedia.org/wiki/Baumol_effect https://en.wikipedia.org/wiki/Baumol_effect See Agatha Christie's quote about how she couldn't have imagined affording a car before WW1, and couldn't have imagined affording servants afterward.