Comment by max-d-porter on Major Update on Cost Disease · 2019-06-06T00:05:45.729Z · score: 10 (3 votes) · LW · GW

Good point about benefits = healthcare = rising, but I'm not sure about your circular reasoning claim. Seems more like you could argue that K-12 cost increases are the result of healthcare price increases, but now you still have to explain why healthcare prices have increased so much.

Comment by max-d-porter on Major Update on Cost Disease · 2019-06-05T19:51:17.545Z · score: 3 (3 votes) · LW · GW

On page 17 of his book, Alex shows that administrators in K-12 education are a vanishingly small fraction of the employees. He thoroughly addresses and dismisses bloat theory in the book (which would notably be a different effect than Baumol).

Comment by max-d-porter on Major Update on Cost Disease · 2019-06-05T19:13:44.568Z · score: 3 (2 votes) · LW · GW

Thanks! I originally tried using those links but didn't know to add ".png" to the end.

Major Update on Cost Disease

2019-06-05T19:10:10.736Z · score: 44 (22 votes)