labor/services is getting more expensive than goods
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Mmm... also can't be outsourced easily.
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Reading up on Baumol's, the wiki presentation assumes that workers would receive higher wages from increasing productivity.
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Also, labor has continuously increased in price since the 1800s. The modern history of ornamentation in art and design is (I claim) a direct reflection of the cost of artistic labor. "In this Modern age we are streamlined and don't pay for frou-frou."
End of conversation
New conversation -
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all
real
prices
can't
fall
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Education and health care are heavily subsidized by government. Isn't that what's really driving these trends?
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Fixed it: "Bloomberg is completely mystified by this chart."
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That's the sad thing, the article explains it just fine. The headline comes out of nowhere.
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Um, "Bloomberg editor mystified by Bloomberg article"?
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"Bloomberg editor hates you, you personally"
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Duh…. ;)
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"They're just using me for my subscription money!"
End of conversation
New conversation -
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.
Food
Clothing
Cars
Electronics
While these things have soared in price:
Health care
Child care
Education