Vidal"s disease - ορισμός. Τι είναι το Vidal"s disease
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Τι (ποιος) είναι Vidal"s disease - ορισμός

RISE OF SALARIES IN JOBS THAT HAVE SEEN LITTLE RISE OF PRODUCTIVITY
Baumol's Disease; Baumol s cost disease; Baumol's disease; Cost disease; Baumol's cost disease
  • As the Baumol effect predicts, between 1998 and 2018 services became more expensive while many manufactured goods became cheaper
  • CPI]] of the [[Bureau of Labor Statistics]]
  • service sector]] mainly

Llorenç Vidal Vidal         
SPANISH POET
Llorenc Vidal Vidal
Llorenzo Vidal Vidal, Majorcan poet, educator and pacifist, founded in 1964 the School Day of Non-violence and Peace (DENIP) a pioneering, non-state, non-governmental, non-official, independent, free and voluntary initiative of Non-violent and Pacifying Education, which is now practised in schools all over the world and in which centres of education, teachers and students of all levels and from all countries are invited to take part. In 2010, the Cercle Universel des Ambassadeurs de la Paix, Geneva (Switzerland), has appointed him Ambassador of Peace.
Élizabeth Vidal         
  • Elizabeth Vidal
FRENCH SOPRANO
Elizabeth Vidal
Elizabeth Vidal (born 10 June 1960) is a French operatic coloratura soprano born in Nice to a Spanish father and a British mother. She was appointed teacher of singing at the Conservatory of Nice in 2009.
Guifré Vidal         
PHYSICIST
Guifre Vidal
Guifré Vidal is a Spanish physicist who is working on quantum many-body physics using analytical and numerical techniques. In particular, he is one of the leading experts of tensor network state implementations such as time-evolving block decimation (TEBD) and multiscale entanglement renormalization ansatz (MERA).

Βικιπαίδεια

Baumol effect

In economics, the Baumol effect, also known as Baumol's cost disease, is the rise of wages in jobs that have experienced little or no increase in labor productivity, in response to rising salaries in other jobs that have experienced higher productivity growth. The phenomenon was described by William J. Baumol and William G. Bowen in the 1960s and is an example of cross elasticity of demand.

The rise of wages in jobs without productivity gains derives from the requirement to compete for workers with jobs that have experienced productivity gains and so can naturally pay higher salaries, just as classical economics predicts. For instance, if the retail sector pays its managers low wages, they may decide to quit and get jobs in the automobile sector, where wages are higher because of higher labor productivity. Thus, retail managers' salaries increase not due to labor productivity increases in the retail sector, but due to productivity and corresponding wage increases in other industries.