| ▲ | mbesto 2 hours ago | |
I'm trying to follow you. I don't get how Baumol's has a higher degree of effectiveness in the US than it does in the EU? Are you saying there are more tech companies and therefore tech roles in the US than EU and thus those drive up non-tech wages even though they aren't as productive? | ||
| ▲ | crossbody 2 hours ago | parent [-] | |
Exactly | ||