'Baumol effect' in The Wealth of Humans: Work and its Absence in the Twenty-First Century

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(aka Baumol's cost disease) rise of salaries in jobs that have experienced no increase of labor productivity, in response to rising salaries in other jobs that have experienced the labor productivity growth

Baumol's cost disease means that the cost of many critical sectors in an economy tends to rise over time

—p.69 In Search of a Better Sponge (64) by Ryan Avent

notable

6 years, 11 months ago

Baumol effect (en)

The Wealth of Humans: Work and its Absence in the Twenty-First Century
by Ryan Avent

The Wealth of Humans: Work and its Absence in the Twenty-First Century
by Ryan Avent

The Wealth of Humans: Work and its Absence in the Twenty-First Century
by Ryan Avent

Baumol effect (en)

The Wealth of Humans: Work and its Absence in the Twenty-First Century by Ryan Avent

The Wealth of Humans: Work and its Absence in the Twenty-First Century by Ryan Avent

The Wealth of Humans: Work and its Absence in the Twenty-First Century by Ryan Avent

The Wealth of Humans: Work and its Absence in the Twenty-First Century
by Ryan Avent

The Wealth of Humans: Work and its Absence in the Twenty-First Century
by Ryan Avent

The Wealth of Humans: Work and its Absence in the Twenty-First Century
by Ryan Avent