I’ve already covered much of this in my podcast with Dwarkesh, but I thought it would be useful to write it all out in one place. I’ll assume you already know the current state of the debate. Here goes: 1. Due to the Baumol-Bowen cost disease, less productive sectors tend to become a larger share […]
I’ve already covered much of this in my podcast with Dwarkesh, but I thought it would be useful to write it all out in one place. I’ll assume you already know the current state of the debate. Here goes: