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Taylor Swift and the Baumol Effect

Finshots Daily

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The Price of Taylor Swift's Concert Tickets

Price inflation for live performance has outpaced general inflation for decades. Taylor Swift still needs the same amount of time to perform a set of 10 songs in 2023 than she did during her first store in 2009. But does that mean that musicians won't see a rise in their wages? Of course not. The industry has no option but to keep wages in line with everything else.

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