Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Scott Alexander has also written lucidly about this phenomenon ("cost disease"), e.g.

http://slatestarcodex.com/2017/02/09/considerations-on-cost-...

This increase in cost without a commensurate increase in quality is incredibly scary.



Cost disease isn't really a disease, it's a side effect of increased productivity. As productivity increases (and comsumption increases), costs increase because labor costs can't decrease as fast as technology costs.

Medical care quality has vastly improved. The problem is that there is infinite demand for medical care. People think disease and dying are massive failures of medicine now. In the recent to ancient past, surviving and being healthy was a miracle.

K-12 education cost per capita has tripled in the past 50 years. Sounds bad? GDP per capita has grown to 6X. If education costs as a fraction of income is shrinking by half is a disease, I don't want the cure.


Didn't you just say that education cost now 1/2 of what it used to. Education is mostly human effort(can't be easily automated - although visualisation, CAD tools and internet helps), so it means there is less incentive now for people to educate younger generations because they can make better money doing something else if I understand correctly. What I'm trying to say is that without mesurable education metrics you can't judge if reduction of costs is good or bad.

IMO it's bad - I would prefer teaching but I can make 10x doing CRUD apps :/




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: