Is this just inflation viewed from the lens of labor cost or is it substantively... | Hacker News

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		jayd16 69 days ago \| parent \| context \| favorite \| on: Baumol's Cost Disease Is this just inflation viewed from the lens of labor cost or is it substantively different? There also seems to be other things at play. Are textbooks really so much more expensive because of rising wages? Someone explain that one to me.

trashface 69 days ago [–]

Textbooks are expensive because the authors need to live in houses, which are also expensive.

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