8. Baumol’s Cost Disease:
As productivity rises, wages in manufacturing rise. This forces wages—and prices—in labor-intensive services to also rise to stay competitive. Thus, as a country gets richer, goods become cheaper, but services like healthcare & piano lessons cost more.
@orangebook I agree but with a qualification: listening to the Founders podcast has been a big inspiration for me on how to set priorities, install principles and come closer to the business and life of my dreams.
@realEstateTrent I think we need to see it from this guy’s perspective. Isn’t it a damn hard job to be successful?
Constant rejection. And sometimes, only sometimes you make a bit of $$.
Same environment as when making cold calls your first time?
If he is good, hire the guy @realEstateTrent ???
We've all talked about it. Some predicted it in 2022, some said we'll see it in 2023... perhaps the Dragon year is the beginning of real NEV concentration and consolidation?
https://t.co/6PWCkPNQHQ