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."

Cutting Concepts: Status, Relationships, Society and Civilizations.

"Cultural evolution is about overcoming human nature. Or rather, it is about encouraging certain aspects of human nature and suppressing other aspects of human nature. Without civilization, humans tend to organize into small, slightly polygynous groups that fight each other over women and resources. Civilizations evolved because they could form bigger and more efficient armies … Continue reading Cutting Concepts: Status, Relationships, Society and Civilizations.

Zuihitsu, 2024-03

Technically, zuihitsu are longer reflections than what I tend to collect. But, the general idea is right. Here’s this month’s installment. If you want the complete set, please download the fortune file. There are problems in this universe for which there are no answers. Nothing. Nothing can be done. Is there anything actually bad about this? … Continue reading Zuihitsu, 2024-03