kersploosh@sh.itjust.works to Microblog Memes@lemmy.worldEnglish · 1か月前The true American social classessh.itjust.worksimagemessage-square113fedilinkarrow-up1978arrow-down152
arrow-up1926arrow-down1imageThe true American social classessh.itjust.workskersploosh@sh.itjust.works to Microblog Memes@lemmy.worldEnglish · 1か月前message-square113fedilink
minus-squareRobbity@lemm.eelinkfedilinkEnglisharrow-up10·edit-21か月前This is known as the cost disease. As manufacturing gets increasingly optimized, automated and cheap, the share of income that needs to be spent on everything else increases. For example, housing and services like live entertainment or healthcare.
minus-squareDagwood222@lemm.eelinkfedilinkEnglisharrow-up7·1か月前 cost disease. I never heard of this before. https://en.wikipedia.org/wiki/Baumol_effect
This is known as the cost disease. As manufacturing gets increasingly optimized, automated and cheap, the share of income that needs to be spent on everything else increases. For example, housing and services like live entertainment or healthcare.
https://en.wikipedia.org/wiki/Baumol_effect