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.
Source date (UTC): 2019-10-05 22:21:27 UTC
Original post: https://twitter.com/i/web/status/1180608967292133376
Reply addressees: @ClownBa73413423 @RobertJamesHurd
Replying to: https://twitter.com/i/web/status/1180603765662945282
IN REPLY TO:
@FullAccountant
@curtdoolittle @RobertJamesHurd All increases in income are eventually consumed by housing/rents. I tell them that, but they say no.
Original post: https://twitter.com/i/web/status/1180603765662945282
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