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Comment by gruez | Hacker News Reader

https://en.wikipedia.org/wiki/Baumol_effect

Any sector that's resistant to productivity growth is liable to become bigger and bigger part of the economy.

I've seen on youtube how people said a major reason housing is a big employer and housing has not fallen in price is due to their industry's attitude and resistance to introducing technological advancements.

in fairness also regulation makes it hard when it specificies the solutions not the parameters (just to illustrate the idea not an actual rule: you must have X thickness of PVC versus your pipe must withstand X pressure)

Demonstrating the waste of time that 99.9% of Youtube videos offer. Construction has seen tremendous technological advances, from materials to tools, even down to software that monitors workplace events.

All of these have led to conditions where it is expected for an entire house to go from start to finish in 100 days. A house with very high standards of plumbing, electrical, hvac, insulation, and other essentials compared to previous generations.

And yet so much stick built instead of manufactured, for example.

And I agree that the standards have been rising such as better R-values, car charging, AC, cat5 etc.

Because stick built is superior to manufactured for 95% of situations and buyers. There is a reason why it’s so ubiquitous. The US is blessed to have access to cheap sticks.

And also when doctors are expected to provide the best treatments or else they can be sued for malpractice.

yeah but the size of the us healthcare sector (like 18%) is a policy choice, other developed countries have theirs at 10-12%.

U.S. healthcare is a giant predatory clusterfuck and seems impossible to meaningfully reform.

Singapore has more like 5.5% or so. (That's total expenditure: public plus private added up.)

Like the US Justice system, the best advice to give is to avoid the US Healthcare system as much as possible.

You can’t reform it because of the immense job loss that would result from an efficiently run public healthcare system. Think about all the useless paper pushers that are allowed to vote

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