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More on the Baumol effect, from @ATabarrok, fascinating graphs showing the rising price of shoes/clothing and car repair, relative to the cost of new shoes/clothing or new cars.pic.twitter.com/9xmUz3Pbiy
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this is terrible news for the environment
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That seems plausible, though it could also go the other way. Repair can have a high environmental cost (eg labor costs are often associated to environmental costs); new stuff can (sometimes) have a dropping environmental cost (more efficient processes etc).
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Bottom line, top line is repaid.
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Higher Education v Higher Education Repair?
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I thought Slate Star Codex covered the topic much more convincingly
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