Baumol’s Cost Disease is the inevitable escalation of the real costs that occur in labour-intensive industries like the arts, health care and education. The labour costs in these industries tend to increase at the same rate as other industries, but their scope for utilizing labour-saving technical progress is either small or non-existent.

Ruth towse (ed.)

Towse, R. (Ed.). (1997). Baumol’s Cost Disease. Edward Elgar Publishing. Retrieved from