Comment by Gare
Sounds like a "shortage of (quality) labor" problem. Industrial products are great, but craftsmanship is lacking because almost nobody can afford it.
Sounds like a "shortage of (quality) labor" problem. Industrial products are great, but craftsmanship is lacking because almost nobody can afford it.
Services become expensive when the servicepeople have better/more productive things to do, because you need to pay them more to keep them in the industry.
https://en.wikipedia.org/wiki/Baumol_effect