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The true American social classes (sh.itjust.works)

submitted 1 month ago by [email protected] to c/[email protected]

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[-] [email protected] 10 points 1 month ago* (last edited 1 month ago)

This is known as the cost disease. As manufacturing gets increasingly optimized, automated and cheap, the share of income that needs to be spent on everything else increases. For example, housing and services like live entertainment or healthcare.

[-] [email protected] 7 points 1 month ago

cost disease. I never heard of this before.

https://en.wikipedia.org/wiki/Baumol_effect

this post was submitted on 21 Apr 2025

926 points (95.0% liked)

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