Service Sector Challenges
A growing concern is the stagnation of productivity in the service sector, particularly as costs for healthcare, housing, and education continue to rise. While manufacturing sees advancements and decreasing prices, essential services are becoming increasingly expensive, leading to a disconnect in economic growth perceptions. This dissatisfaction is echoed not only in the U.S. but also in China, where citizens express a negative sentiment about their economic realities.In this clip
From this podcast
Odd Lots
Adam Tooze on the Big Misconceptions of the Chinese Economy
Related Questions
How have home prices in the US changed over time relative to income, and are homes becoming less affordable for younger people according to the episode Senator Elizabeth Warren on Childcare, Housing, and Inflation, the clip Housing for People, and the episode "Goldman and Apple Part Ways, Shein and Temu, and Charlie Munger’s Legacy | Prof G Markets"?
How does GDP distort our view of the impact of healthcare in the episode Rewriting the Rules of Capitalism and Public Investment — with Mariana Mazzucato and the clip Value vs. Price?