2min chapter

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522 | Rep. Jake Auchincloss: Democrats Shouldn't Offer Voters Diet Coke Populism When They Order Coca-Cola

The Realignment

CHAPTER

Understanding BOMO's Cost Disease in Service Industries

This chapter explores BOMO's cost disease, emphasizing how service sectors like education and healthcare experience rising costs due to low productivity growth. It contrasts these services with manufacturing, where automation increases efficiency, ultimately affecting wage dynamics in essential sectors.

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