Das Wesentliche wird teurer, das Unnötige billiger
Von x___rain
Das Wesentliche wird teurer, das Unnötige billiger
Von x___rain
9 Kommentare
i do not understand how „average hourly wages“ is an expense that is bad when it goes up? Was this chart made by someone who hates paying their employees? seems kind like against the whole rest of chart. Like oh no my wages went up, now i can still afford housing, dangit
Basically (with the exception of housing and textbooks) things that can be mass produced with automation got cheaper but things involving a lot of human input became more expensive. Food and beverages can be automated or this could also include dining out i’m not sure if it’s solely grocery prices.
TVs are only cheap because they’re loss-leaders and the actual profit comes from advertising and selling your data through the built-in „smart“ services.
This is the difference between manufactured goods and labor intensive services. It has nothing to do with whether or not something is “essential”
This is because of a well known economic phenomena: https://en.wikipedia.org/wiki/Baumol_effect
In this graph, housing and food and beverages have both increased in less than wages have gone up. Transportation and clothing have gotten cheaper.
Everything in the red (excluding the hourly wages) is government subsidized. Coincidence or correlation?
Right off the bat this article is dumb. “The last 25 years, our money lost 92 % in value due to inflation.” Inflation over that period has been a little under 92%, but that isn’t the same as losing 92% of value, it’s more like losing 45% of value.
Doritos are $7+ for a big bag.