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Cost Disease

Yoav Ravid10

Why haven't we moved from calling it cost disease to calling it Cost Inflation (or something similar)?

If this is a concept we would like many people to know about it needs an intuitive name.

Reply

[FIXME: This definition is wrong] Cost Disease or Baumol's cost disease is a name for the rise of salaries in jobs that have experienced no or low increase of labor productivity [1]. Some use the term generally to refer to rising costs in general [2].

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Created by jimrandomh at

[FIXME: This definition is wrong] Cost Disease or Baumol's cost disease is a name for the rise of salaries in jobs that have experienced no or low increase of labor productivity [1]. Some use the term generally to refer to rising costs in general [2].

Cost Disease or Baumol's cost disease is a name for the rise of salaries in jobs that have experienced no or low increase of labor productivity [1]. Some use the term generally to refer to rising costs in general [2].

Often the questions being asked in Cost Disease discussion are why the cost healthcare and education have increased many, many times over.