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A comment on Baumol Effect. Parent comment

Re:Baumol Effect by asdasdasdas5453 on Sunday October 18, 2020 @08:19AM (#24817283)
" This is pretty much what I wanted to write. How come productivity is measured in dollars when exchanging goods/services, but constant units when this Baumol thing comes up?"

From an economist perspective there is no difference between the two. Money is just a convenient metric to be able to compare the value of multiple goods.

You don't think of you salary as the power to buy X burgers or Y beers but really it is what it is. It is just easier to say I earn XXXX$.

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Re:Baumol Effect by lordnacho on Sunday October 18, 2020 @10:40AM (#24818165)
The difference is the price, no?

If I get paid 100 for playing a concert on one day, but 120 another day, did I get more productive? Either way I produced the same number of concerts, but got 20% more payment.

Measured in concerts my productivity was the same. Measured in other goods it went up.

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