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Scott explores the recent British economic decline, examining various statistics and theories about its causes and impact.
Scott Alexander follows up on his critique of a book about the Baumol effect, presenting data that challenges the book's claims about rising wages driving cost increases in education and healthcare.
Scott Alexander reviews a book attributing rising service costs to the Baumol effect, finding it convincing but raising some concerns about conflicting data and affordability issues.
Scott analyzes wage stagnation since 1973, examining various explanations and concluding that while wages have risen 40-50%, there is still significant decoupling from productivity due to multiple factors.
Scott Alexander examines the phenomenon of cost disease, where costs for basic services like education and healthcare have increased dramatically without corresponding improvements in quality or wages.
Scott Alexander explores the puzzling lack of GDP impact from women's significant entry into the workforce, considering various explanations and economic implications.
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