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grueztoday at 2:12 PM2 repliesview on HN

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

Any sector that's resistant to productivity growth is liable to become bigger and bigger part of the economy.


Replies

notfromheretoday at 2:25 PM

yeah but the size of the us healthcare sector (like 18%) is a policy choice, other developed countries have theirs at 10-12%.

U.S. healthcare is a giant predatory clusterfuck and seems impossible to meaningfully reform.

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maerF0x0today at 2:46 PM

I've seen on youtube how people said a major reason housing is a big employer and housing has not fallen in price is due to their industry's attitude and resistance to introducing technological advancements.

in fairness also regulation makes it hard when it specificies the solutions not the parameters (just to illustrate the idea not an actual rule: you must have X thickness of PVC versus your pipe must withstand X pressure)

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