Comment by pjc50
15 days ago
Healthcare and college are "Baumol cost disease": because they depend on skilled workers, much of that is the same as "American salaries are higher than in the rest of the world", and unlike manufacturing or software (+) you can't outsource it to lower-wage countries.
(+) there still seems to be a massive wage premium for "being physically in a San Francisco office" even if most of the work is being done by an AI, which cannot be sustainable
because code is only a small part of software development. don't forget ping pong tables. lol. I'm both making a valid point and making fun of it too.
You can make all sort of excuses but we literally felt bad for 1:1 exchange students paying 2k a month while we paid 2k a year.
Their education was not 10x ours and their economy was only a few % over ours per capita.
I dunno, telehealth with foreign doctors while maybe in-person nurses could lower costs substantially.
If it was this simple, then high costs would be limited to the labor-driven portion of the bills.
This is not the case.