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Alex Tabarrok - Prizes, Prices, and Public Goods
Dwarkesh Podcast
The Bumble Effect: Why Labor Is More Expensive
One of the main inputs into many of these sectors is labor. And if you can get more out of labor, in one sector over time and not so much in the other sector, they're willing to pay more for it. That raises the price of labor everywhere. But how can labor be getting more expensive at a time where we keep hearing about wage stagnation?
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