Overcoming Baumol

Interesting economic point, but mostly I just love the idea of claistered monks using advanced technology to build gothic cathedrals. Click through to the original post to see (extremely brief) video of what they’re working on.

One way to overcome the Baumol effect is to replace labor with capital. AI and robots are making that possible. Here’s a clip of the Carmelite Monks of Wyoming who are building a monastery in the Gothic style using CNC machines:

https://marginalrevolution.com/marginalrevolution/2023/12/overcoming-baumol.html