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Baumol's cost disease also benefits you, because it makes your wages go up even if you haven't increased productivity.
by Legend2440 6mo ago
Baumol's cost disease also benefits you, because it makes your wages go up even if you haven't increased productivity.
- smallmancontrov 6mo agoMaybe on doctornews, but this is hackernews. To us, Baumol's disease means your job, which has increased productivity, disappears, while your costs, which don't have increased productivity, go up.