> If technology drives efficiency, why do prices constantly rise instead of fall?
This is the Baumol's cost disease I was talking about: technology only drives efficiency in some sectors, but in every sector it doesn't touch (mostly because human availability is the bottleneck), prices have to rise to match the equivalent wage workers could be getting at the other places with more efficiency.
This is the Baumol's cost disease I was talking about: technology only drives efficiency in some sectors, but in every sector it doesn't touch (mostly because human availability is the bottleneck), prices have to rise to match the equivalent wage workers could be getting at the other places with more efficiency.