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
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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Not disagreeing with you, just cautious. I remember a study showing it was _much_ more environmentally friendly to eat some fruit or other shipped from New Zealand, rather than grown locally, because local growth was so much less efficient it swamped transport costs.
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Rereading the above: you're probably right! I was very surprised by that NZ study, and probably over-cautious as a result...
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Looks like a positive twist on Huxley to me. (On thé personal level, I can see for instance but is that really the best use of my skill-set etc)
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And lower wages.
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