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re: Baumol’s cost disease is a bit depressing to think about out
Posted on 7/11/26 at 6:53 am to cbree88
Posted on 7/11/26 at 6:53 am to cbree88
quote:
Is this a joke? Wait times and service quality from hospitals and medical clinics are horrible.
You might think that you’re gonna die of your heart attack because you gotta wait 6 hours for them to treat the illegals with runny noses but you’re gonna live whereas you would’ve died 40 years ago and there are less nurses working to accomplish that goal because the hospital wants to pay the fewest people they can without getting sued for malpractice
0
Posted on 7/11/26 at 7:42 am to HailHailtoMichigan!
As another Econ nerd, OP is correct. Think about haircuts. My haircut in the early 90s at a barbershop was $7. Per the inflation calculator, that’s $16 in today’s money. Good luck getting your hair cut for that price now.
Posted on 7/11/26 at 8:41 am to lsulaker
quote:
As another Econ nerd, OP is correct. Think about haircuts. My haircut in the early 90s at a barbershop was $7. Per the inflation calculator, that’s $16 in today’s money.
$7 in 90’s money is like 1200 bucks now
Posted on 7/11/26 at 8:48 am to AndyCBR
quote:
I immediately disregarded the validity of this chart when it appears to show new cars are the same "affordability" as they were in 1998.
This must be some common core math or something.
Or wages have gone up as much as cars have.
Posted on 7/11/26 at 8:48 am to HailHailtoMichigan!
quote:
That’s exactly what Baumol’s cost disease is
Thank you! That was a funny post.
Posted on 7/11/26 at 9:35 am to Penrod
quote:
Or wages have gone up as much as cars have.
Wages have greatly outpaced vehicle inflation.
Posted on 7/11/26 at 11:07 am to JohnnyKilroy
quote:
Wages have greatly outpaced vehicle inflation
I know.
Posted on 7/11/26 at 12:43 pm to HailHailtoMichigan!
Everything subsidized by government on the top half. Everything not on the bottom half
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