upvote
> But Baumol's argument, which you introduced to the conversation, is that outcome and process cannot actually be distinguished

How is that Baumol's argument? How is 'outcome' vs 'process' relevant to his argument at all?

'Cost disease' is just the foundational truth that the cost of the output from industries with stagnant productivity will increase due to the fact that the workers in that industry can be more valuable in other industries, reducing the number of relative workers in the stagnant industry.

If you want to make the output from a stagnant industry available to a broader spectrum of the population then you have to improve the productivity of that industry.

reply
It's very true for healthcare (especially mental healthcare) and education today as well, because for most people, the choice isn't LLM vs. human attention - it's LLM vs. no access at all.
reply