“Why ‘Cost Disease’ Is the Secret Force Behind America’s Toxic Solitude” – Derek Thompson
“Baumol recognized that this principle extended across the entire economy, beyond farms and opera houses. Some sectors, such as growing corn and making electronics, have become more efficient and productive thanks to new technology, trade, and automation. But other sectors— especially services, such as haircuts, theater performances, and watching toddlers in daycare—still require as much labor as they did before the Industrial Revolution”
https://www.derekthompson.org/p/why-cost-disease-is-the-secret-force