And so you see in what the 19th century story that you're describing to a large extent is a story of the automation of agriculture. Food was cured of cost disease, right? Food used to be really expensive, and then it got pretty cheap. And a big part of that was the automation of agriculture. And the question now is, how do we do that same thing in health care, in housing, in utilities, in these sectors that now consume huge chunks of the middle class family's budget? (22:05–22:12)
CLAIM
Asserts that food was once expensive but became cheaper due to overcoming cost disease.
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