Muchas gracias, caballero. La temporada de parición de corderos siempre es una época alocada. Volví hace un par de horas, ducha, pijama, y tratar de dormir. No se preocupe, encontraré el tiempo de leerlo, y sino, los descargo para leerlos cuando tenga paz
Whenever the lust for personal profits become your informing baseline, whether it be personal or collective, you and your state become hostage to anyone with wealth. Good governance should never be elided with capital gain. It confuses material with moral worth and poisons the aspirational wellspring of a commonwealth.
Thanks for your passionate defense of America’s hardwon and fragile and often faulted Republic.
This disparity between real wages and service coats is primarily attributed to Baumol’s cost disease, where labor-intensive services experience rising labor costs without productivity gains, alongside administrative bloat, inelastic demand, and subsidy-driven price inflation. For more analysis on this trend, see the report from Coalition for a Prosperous America.
My response: A rent increase, hospital bill, tuition increase, and haircut are all classified as services. They do not share one cause. Serious policy must address each market directly: build housing, confront monopolies, reduce administrative waste, discipline subsidies, and protect consumers.
My factual reasoning:
1. Hospital productivity grew only 0.1% annually from 1993 to 2022, so Baumol does matter. Yet monopoly hospitals charged 12% more than hospitals facing at least four competitors, while mergers between nearby hospitals raised prices by more than 6%.
2. One peer-reviewed estimate found that administration consumed 34.2% of American health-care spending in 2017, and healthcare has only gotten worse under trump compared with 17% in Canada.
3. Services make up 64% of the consumer price index, while shelter alone makes up 35.3%. Housing therefore represents about 55% of the CPI services basket. Rent is driven heavily by supply, land prices, construction costs, interest rates, and zoning not simply low worker productivity.
4. New York Fed researchers found that tuition rose by about 60 cents for every additional dollar made available through higher subsidized federal-loan limits. Subsidies can raise prices, but this finding concerns a particular policy in one market.
5. In RAND’s landmark randomized experiment, 25% coinsurance reduced health spending by 20%, while 95% coinsurance reduced it by about 30%. Patients responded to prices, but reduced necessary and unnecessary care together.
Sorry, just the time these days to only read any article. Lambing season has started, and my schedule has started to turn hectic,
thank you for your continued support rosa stay safe!
Muchas gracias, caballero. La temporada de parición de corderos siempre es una época alocada. Volví hace un par de horas, ducha, pijama, y tratar de dormir. No se preocupe, encontraré el tiempo de leerlo, y sino, los descargo para leerlos cuando tenga paz
Whenever the lust for personal profits become your informing baseline, whether it be personal or collective, you and your state become hostage to anyone with wealth. Good governance should never be elided with capital gain. It confuses material with moral worth and poisons the aspirational wellspring of a commonwealth.
Thanks for your passionate defense of America’s hardwon and fragile and often faulted Republic.
This disparity between real wages and service coats is primarily attributed to Baumol’s cost disease, where labor-intensive services experience rising labor costs without productivity gains, alongside administrative bloat, inelastic demand, and subsidy-driven price inflation. For more analysis on this trend, see the report from Coalition for a Prosperous America.
My response: A rent increase, hospital bill, tuition increase, and haircut are all classified as services. They do not share one cause. Serious policy must address each market directly: build housing, confront monopolies, reduce administrative waste, discipline subsidies, and protect consumers.
My factual reasoning:
1. Hospital productivity grew only 0.1% annually from 1993 to 2022, so Baumol does matter. Yet monopoly hospitals charged 12% more than hospitals facing at least four competitors, while mergers between nearby hospitals raised prices by more than 6%.
2. One peer-reviewed estimate found that administration consumed 34.2% of American health-care spending in 2017, and healthcare has only gotten worse under trump compared with 17% in Canada.
3. Services make up 64% of the consumer price index, while shelter alone makes up 35.3%. Housing therefore represents about 55% of the CPI services basket. Rent is driven heavily by supply, land prices, construction costs, interest rates, and zoning not simply low worker productivity.
4. New York Fed researchers found that tuition rose by about 60 cents for every additional dollar made available through higher subsidized federal-loan limits. Subsidies can raise prices, but this finding concerns a particular policy in one market.
5. In RAND’s landmark randomized experiment, 25% coinsurance reduced health spending by 20%, while 95% coinsurance reduced it by about 30%. Patients responded to prices, but reduced necessary and unnecessary care together.