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.
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.