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 fact that prices for services like healthcare, education, and childcare, tend to rise faster than prices for goods because productivity growth in these industries is much slower. This is due to the difficulty in automating these services or increasing efficiency through new technology. As a result, the cost of labor accounts for a larger and larger share of the costs of these services over time, leading to cost disease. While choices A, B, and D may have had some impact on productivity growth or shifts in the economy, they do not directly explain the cost disease phenomenon.

A Main Cause of the Cost Disease of Personal Services