> the tendency for wages in jobs that have experienced little or no increase in labor productivity to rise in response to rising wages in other jobs that did experience high productivity growth. In turn, these sectors of the economy become more expensive over time, because their input costs increase while productivity does not. Typically, this affects services more than manufactured goods, and in particular health, education, arts and culture.
This is a really roundabout way of referencing the scene in Silicon Valley where he figures out the new algorithm while everyone else is having a side conversation about how best to manage the conference attendees.
1 loaf of bread 1 obolos
The standard rate for a prostitute 3 oboloi
6 oboloi are 1 drahma, about 4 drahmai to the shekel. That coin is 1/16 shekel, so about 1.5 loaves