This is the essence of what has become known as “the Baumol effect” or, more dishearteningly, “Baumol’s cost disease”. The basic problem was laid out by economists William Baumol and William Bowen in ...

Trotz stagnierender Effizient steigt das Lohnniveau. Warum wir uns den Luxus leisten können, die Verteilungsfrage zu stellen.