3 ms·
That’s the Baumol effect. The rising tide does lift all boats to an extent, but not the same extent.
by closeparen 9mo ago
That’s the Baumol effect. The rising tide does lift all boats to an extent, but not the same extent.
- epicureanideal 9mo agoI agree, I’m just saying the extent is influenced heavily by the increasing availability of workers at the lower end of the automation distribution.