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5min chapter
How do you count millionaires?
More or Less: Behind the Stats
Economic Impacts of Migrants and the Baumol Effect on Public Services
This chapter explores the financial impact of migrant earnings in comparison to the UK population, emphasizing potential costs to public finances. It also examines the Baumol effect, using the example of a string quartet, to discuss the rising costs of public services despite technological advancements in other areas.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode