Links For Today

How Blue Apron Became a Massive $2 Billion Disaster

This would be justice if true: Coronavirus may have started in Xinjiang’s prison camps Related: New Chinese study indicates novel coronavirus did not originate in Huanan seafood market

Coming soon to a country near you: Coronavirus: Italy towns in lockdown after COVID-19 deaths and Coronavirus: South Korea confirms huge rise in cases

Links For Today

U.S. Higher Education Has a Foreign Money Problem

This sentence explains why attempts to control health care costs invariable devolve into controlling the wages of health care providers. “As real incomes rise, the relative price of goods falls while the relative price of services increases. This is likely a consequence rich countries increasing productivity in goods substantially more rapidly than that of services” Don’t be fooled by the headlines. The biggest cost in health care is not drug prices (no matter how unreasonable they are) but labor costs. Cost savings in health care will invariable focus on controlling wages, substituting more low skilled labor, and generally ensuring less human to human interaction. If you don’t have time to read the longer essay linked above, this post gives you some excerpts.

Air Escape from Java