Overcoming Baumol

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:

CNC machines and robots have unlocked the ability to relatively quickly carve the intense details of a Gothic church.  Ornate pieces that used to take months for a skilled carver, now can be accomplished in a matter of days.  Instead of cutting out the beauty, using the excuse that it takes too long, thus doesn’t fit into the budget, modern technology can be used to make true Gothic in all its beauty a reality again today.

Bring back the beauty!


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