Productivity Premium (Baumol Effect)
The "productivity premium" (aka "cost disease" or "Baumol effect") is a major economic force in our world. I wish more people understood it, since it might impact our discussions about hotly debated political issues.
This essay is my attempt to explain the productivity premium to a wide (technically oriented) audience.
This spreadsheet gives the details of the modeling that went into the essay, and here are some slides I have used to discuss this topic.