Why microwaves will likely get cheaper but your haircut won't episode artwork

EPISODE · Mar 6, 2026 · 27 MIN

Why microwaves will likely get cheaper but your haircut won't

from Cost of Living

Some services, like barbering and childcare, cost way more than they did in the past and keep going up in price. On the other hand, a lot of manufactured goods, like TV's, have become less expensive. And the "Baumol effect" could explain why. Plus, we look at the rise of extra spicy foods on restaurant menus and what's at stake as cargo ships sit idle near the Strait of Hormuz.

Some services, like barbering and childcare, cost way more than they did in the past and keep going up in price. On the other hand, a lot of manufactured goods, like TV's, have become less expensive. And the "Baumol effect" could explain why. Plus, we look at the rise of extra spicy foods on restaurant menus and what's at stake as cargo ships sit idle near the Strait of Hormuz.

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Why microwaves will likely get cheaper but your haircut won't

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How long is this episode of Cost of Living?

This episode is 27 minutes long.

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This episode was published on March 6, 2026.

What is this episode about?

Some services, like barbering and childcare, cost way more than they did in the past and keep going up in price. On the other hand, a lot of manufactured goods, like TV's, have become less expensive. And the "Baumol effect" could explain why. Plus,...

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