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Cost Disease

Edited by Ruby, Yoav Ravid, et al. last updated 5th Jan 2021

Cost Disease or Baumol's cost disease is a name for the rise of salaries in jobs that have experienced no or low increase of labor productivity [1]. Some use the term generally to refer to rising costs in general [2].

Often the questions being asked in Cost Disease discussion are why the cost healthcare and education have increased many, many times over.

External Posts:
Book Review: Why Are The Prices So D*mn High? - Scott Alexander
 

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Posts tagged Cost Disease
12
61Book Review: Why Are The Prices So Damn High?
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