First:
The curious thing about the graph below is this: some of the rapidly-growing prices categories—medical-care services, childcare and nursery school, food and beverages—are overwhelmingly personal and personal-care services that are still largely one-on-one and that we should have expected to roughly track wages; some (college textbooks) are the res…
Keep reading with a 7-day free trial
Subscribe to Brad DeLong's Grasping Reality to keep reading this post and get 7 days of free access to the full post archives.