Posts by aebicalho@techhub.social
 (DIR) Post #ATBnnVCbB7gDyo4pUm by aebicalho@techhub.social
       2023-03-01T06:10:09Z
       
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       @Steve98052 @CatDragon @QasimRashid if I’m reading it correctly, the Baumol effect would be the reason why a worker at McDonnalds would be making a similar wage as a nurse or an airline pilot. That is not reality, though. Lower paid wages continue to pay minimum wage - in fact, wages have stagnated for a long time.
       
 (DIR) Post #ATBnnWHx8hYbLhacTo by aebicalho@techhub.social
       2023-03-01T15:32:56Z
       
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       @Steve98052 @CatDragon @QasimRashid thank you for the clarification.I can see the costs of those rising because they’re primarily based off manual labor which would have increasing costs, but if the wages are stagnated and the services costs rise, who’s pocketing the difference?