Jevons

Both Baumol effect and Jevons paradox may apply to the AI supercycle, as services with AI productivity gains get cheaper, while those without AI become costlier

and gets pricier as wages rise (Baumol effect). Alex Danco / @alex_danco : The Baumol effect (I still like calling it “cost disease") is topical these days - we wrote about it in the newsletter, since...