Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> “Baumol-type effects” means that everything that didn’t get more productive got more expensive anyway, but we consume more of it all the same because society as a whole got richer.

It depends how you measure. The cost in goods or purchasing power goes up, but the cost in hours stays the same.



Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: