The U.S. has also become ridiculously expensive. Yeah the dollar is stronger whi... | Hacker News

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		addicted 11 months ago \| parent \| context \| favorite \| on: What's happening inside the NIH and NSF The U.S. has also become ridiculously expensive. Yeah the dollar is stronger which is great to buy imports. But you cannot import housing, most healthcare, most services like cooks, cleaners and bartenders.

astrange 11 months ago [–]

Services are naturally expensive when people are earning more. That's a sign of low income inequality and low unemployment.

https://en.wikipedia.org/wiki/Baumol_effect

See Agatha Christie's quote about how she couldn't have imagined affording a car before WW1, and couldn't have imagined affording servants afterward.

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