ACX
Highlights From The Comments On British Economic Decline
Scott explores the recent British economic decline, examining various statistics and theories about its causes and impact.
24 min read 3,682 words
A thread through the archive
wage stagnation
Essays tagged “wage stagnation”. Follow an idea across the archive.
Essays on wage stagnation
6 essaysSSC
Followup On The Baumol Effect: Thanks, O Baumol
Scott Alexander follows up on his critique of a book about the Baumol effect, presenting data that challenges the book's claims about rising wages driving cost increases in education and healthcare.
13 min read 1,940 words
SSC
Book Review: Why Are The Prices So D*mn High?
Scott Alexander reviews a book attributing rising service costs to the Baumol effect, finding it convincing but raising some concerns about conflicting data and affordability issues.
13 min read 1,976 words
SSC
Wage Stagnation: Much More Than You Wanted To Know
Scott analyzes wage stagnation since 1973, examining various explanations and concluding that while wages have risen 40-50%, there is still significant decoupling from productivity due to multiple factors.
42 min read 6,438 words
SSC
Considerations On Cost Disease
Scott Alexander examines the phenomenon of cost disease, where costs for basic services like education and healthcare have increased dramatically without corresponding improvements in quality or wages.
47 min read 7,274 words
SSC
Invisible Women
Scott Alexander explores the puzzling lack of GDP impact from women's significant entry into the workforce, considering various explanations and economic implications.
6 min read 853 words