"...try thinking of each day as a set of four quarters: morning, midday, afternoon, evening. If you blow one quarter, you get back on track for the next quarter. Fail small, not big." —Better Than Before: Mastering the Habits of Our Everyday Lives by Gretchen Rubin
Author: cafebedouin
Baumol Effect or Baumol’s Cost Disease
"In economics, the Baumol effect, also known as Baumol's cost disease, first described by William J. Baumol and William G. Bowen in the 1960s, is the tendency for wages in jobs that have experienced little or no increase in labor productivity to rise in response to rising wages in other jobs that did experience high productivity growth."
cafebedouin.org 