So you're raising an excellent point. Let me try to frame it a little bit differently, but you tell me if I'm still addressing. What you're talking about is The Beaumont effect is always going to exist in the United States economy. By definition, there will always be sectors that have experienced less productivity growth than other sectors and thereby will have a higher degree of inflation than other sectors. (23:11–23:17)
CLAIM
Asserts that the Beaumont effect will persist in the U.S. economy.
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