Definitions from Wikipedia (Baumol effect)
▸ noun: In economics, the Baumol effect, also known as Baumol's cost disease, first described by William J. Baumol and William G. Bowen in the 1960s, is the tendency for wages in jobs that have experienced little or no increase in labor productivity to rise in response to rising wages in other jobs that did experience high productivity growth.
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▸ noun: In economics, the Baumol effect, also known as Baumol's cost disease, first described by William J. Baumol and William G. Bowen in the 1960s, is the tendency for wages in jobs that have experienced little or no increase in labor productivity to rise in response to rising wages in other jobs that did experience high productivity growth.
▸ Words similar to baumol effect
▸ Usage examples for baumol effect
▸ Idioms related to baumol effect
▸ Wikipedia articles (New!)
▸ Words that often appear near baumol effect
▸ Rhymes of baumol effect
▸ Invented words related to baumol effect