And this is why services business can survive in cities and production cannot, and why production must eventually move offshore. Density is not the advantage people think it is. Every doubling of population produces 20% more – of both goods and bads.
Source date (UTC): 2019-10-05 22:23:09 UTC
Original post: https://twitter.com/i/web/status/1180609395568369664
Reply addressees: @ClownBa73413423 @RobertJamesHurd
Replying to: https://twitter.com/i/web/status/1180608967292133376
IN REPLY TO:
Unknown author
@ClownBa73413423 @RobertJamesHurd They can say no all they want, but there is even an economic law named for the effect. And so I would love to see examples. The Baumol effect is universal, and every city demonstrates this. All urban centers are in competition between advantages of density, and employee payroll.
Original post: https://x.com/i/web/status/1180608967292133376
IN REPLY TO:
@curtdoolittle
@ClownBa73413423 @RobertJamesHurd They can say no all they want, but there is even an economic law named for the effect. And so I would love to see examples. The Baumol effect is universal, and every city demonstrates this. All urban centers are in competition between advantages of density, and employee payroll.
Original post: https://x.com/i/web/status/1180608967292133376
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