That’s the Baumol effect. The rising tide does lift all boats to an extent, but ... | Hacker News

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		closeparen 14 days ago \| parent \| context \| favorite \| on: Jensen: 'We've done our country a great disservice... That’s the Baumol effect. The rising tide does lift all boats to an extent, but not the same extent.

epicureanideal 14 days ago [–]

I agree, I’m just saying the extent is influenced heavily by the increasing availability of workers at the lower end of the automation distribution.

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