Marc Andreessen

@pmarca ↗

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Last Checked Jan. 2, 2023

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Sun Dec 18 09:06:46 +0000 2022

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Marc Andreessen @pmarca

"Baumol's cost disease, also known as the Baumol effect, is the rise of wages in jobs that have experienced little or no increase in labor productivity, in response to rising salaries in other jobs that have experienced higher productivity growth." — PolitiTweet.org

Posted Dec. 18, 2022

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Marc Andreessen @pmarca

Baumol's Disease is the consequence of differences in productivity growth between sectors. Accelerate productivity growth in the red sectors on the chart, and Baumol's Disease would vanish? — PolitiTweet.org

@pmarca Do you not buy Baumol's story that this is actually just the math of averaging exponentials? He predicted n… https://t.co/WcwJyUTLV6

Posted Dec. 18, 2022

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Marc Andreessen @pmarca

This is the first non-generic design from a big company I've seen in a decade. — PolitiTweet.org

Posted Dec. 18, 2022