Its actually having the opposite effect. Society is polarizing along educational divides because service employees are able to command higher costs for their labor without a commensurate increase in productivity. Baumol’s cost disease is what got us here. pic.twitter.com/Xe7zDUrwtu
— Rick von Hagn (@r_vonhagn) December 6, 2021
Technology Deflation Vs Baumol's cost of disease
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