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clärk@oksettledown.bsky.social |
we all know+love Baumols price disease but I think there is also a nascent inverse disease whereby people pay less or zero for a thing due to adjacent market/tech movements/trends. Obvious examples are music and journalism. No one wants to pay for those anymore! What's that called? Can I have it?
2 replies 0 reposts 2 likes
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Ammonium Azide
@nh4n3.bsky.social
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Isn't that actually just the same as cost disease, or a corollary? Without efficiency improvements the relative advantage of partially substitutable goods improves
1 replies 0 reposts 1 likes
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signal eleven
@widders.bsky.social
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fucked up that this is called a "disease" imo oh nooo the job turns out to be hard and important and productivity is difficult to improve, therefore it's BAD that they get paid more. i'm an economist and that's almost definitely a kind of human and you should inherently respect me
0 replies 0 reposts 1 likes