kersploosh to Microblog Memes@lemmy.worldEnglish • 23 days agoThe true American social classessh.itjust.worksimagemessage-square113fedilinkarrow-up1980arrow-down152
arrow-up1928arrow-down1imageThe true American social classessh.itjust.workskersploosh to Microblog Memes@lemmy.worldEnglish • 23 days agomessage-square113fedilink
minus-square@Robbity@lemm.eelinkfedilinkEnglish10•edit-222 days agoThis 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-square@Dagwood222@lemm.eelinkfedilinkEnglish7•22 days ago 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