A main cause of the cost disease of personal services is

Question

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The cost disease of personal services refers to the steady increase in the cost of labor-intensive services like health care, education, and childcare. This is largely due to the fact that productivity in these sectors has not grown at the same rate as in other sectors like manufacturing or agriculture. As a result, the cost of providing these services has increased over time, leading to higher prices for consumers. This unevenness in the growth of productivity is the main cause of the cost disease.

A Main Cause of the Cost Disease of Personal Services