> Furthermore, if everyone's getting paid more, isn't it natural that person intensive activities like construction, infrastructure, health, and schooling will cost more?
Yes, more. Not disproportionately more (except for certain things with natural limits like land and education at high-name-recognition universities). Not wildly disproportionately more.
The blog post[1] I mentioned (prominently linked on HN when it came out) covered the phenomenon pretty thoroughly, without offering much in the way of explanations, though ruling some out.
Yes, more. Not disproportionately more (except for certain things with natural limits like land and education at high-name-recognition universities). Not wildly disproportionately more.
The blog post[1] I mentioned (prominently linked on HN when it came out) covered the phenomenon pretty thoroughly, without offering much in the way of explanations, though ruling some out.
[1] https://slatestarcodex.com/2017/02/09/considerations-on-cost...