Jevons and Baumol Effects in the Age of AI
In the AI era, why are materials like glass getting cheaper, but installation and labor costs keep rising? The answer lies in the interplay of Jevons Paradox and the Baumol Effect.
Jevons and Baumol Effects in the Age of AI
In the AI era, why are materials like glass getting cheaper, but installation and labor costs keep rising? The answer lies in the interplay of Jevons Paradox and the Baumol Effect.