3 ms·

https://archive.md/DS9O6 https://archive.md/DS9O6

• PaulHoule 8mo ago
  It is https://en.wikipedia.org/wiki/Baumol_effect https://en.wikipedia.org/wiki/Baumol_effect Back in the 1990s there was a comic strip in Z Magazine where some child care workers were commiserating on their inability to afford childcare and that somehow the problem was caused by "capitalism". A lack of "capitalism" is more like it. The automobile changed the world because Henry Ford spent money to build a car factory so productive that the workers there could afford to buy the cars they make and thus the car changes the world. In the case of child care there isn't any technical or business innovation that can make it affordable enough for the person who does the job so it will remain forever a service only the rich can afford.