The west has a productivity stagnation because it’s concentrating on services in... | Hacker News

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		legulere on Aug 1, 2021 \| parent \| context \| favorite \| on: Where has all the productivity gone? The west has a productivity stagnation because it’s concentrating on services instead of industry. The productivity of services grows much slower that that of industry.

Gibbon1 on Aug 1, 2021 [–]

Amusingly we outsourced the sector of the economy with high productivity gains while keeping the part subject to Baumol's cost disease.

https://en.wikipedia.org/wiki/Baumol%27s_cost_disease

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