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Monday, 9 March 2015

Baumol's Cost Disease, as economists call it, raises wages and causes some painful shifts in a nation's labor balance.

http://www.dailyfinance.com/2010/12/11/americas-economic-illness-baumols-dis/#articleHeader

Unlike an illness caused by microscopic invaders of your body, which might raise your temperature and cause you physical aches and pains, Baumol's Cost Disease, as economists call it, raises wages and causes some painful shifts in a nation's labor balance.

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