William J. Baumol the namesake of the Baumol Effect[1]. Generally it is
> the tendency for wages in jobs that have experienced little or no increase in labor productivity to rise in response to rising wages in other jobs that did experience high productivity growth
Specifically, manufacturing sectors have increased productivity and service sectors haven't.
> the tendency for wages in jobs that have experienced little or no increase in labor productivity to rise in response to rising wages in other jobs that did experience high productivity growth
Specifically, manufacturing sectors have increased productivity and service sectors haven't.
1. https://en.wikipedia.org/wiki/Baumol_effect