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Cool graphic showing decline in labor hours required to buy home stuff: 1979 vs now: wow
Posted on 10/12/18 at 9:47 pm
Posted on 10/12/18 at 9:47 pm
Using average hourly earnings
This post was edited on 10/12/18 at 9:52 pm
42
Posted on 10/12/18 at 9:49 pm to HailHailtoMichigan!
Now do loaf of bread, fascist
Posted on 10/12/18 at 9:50 pm to HailHailtoMichigan!
What about hookers?
Posted on 10/12/18 at 9:50 pm to HailHailtoMichigan!
Now do trucks
Posted on 10/12/18 at 9:50 pm to HailHailtoMichigan!
Shhhh. We've been trying to shut these fight for $15 bastards up. Now they are going to want $25.
Posted on 10/12/18 at 9:51 pm to fallguy_1978
How many hours you think you had to work for a smartphone back then?
Posted on 10/12/18 at 9:52 pm to HailHailtoMichigan!
Muh living wage
Posted on 10/12/18 at 9:52 pm to HailHailtoMichigan!
Except that stuff lasted twice as long so we're really not coming out ahead.
Posted on 10/12/18 at 9:53 pm to Sun God
No clue. All I know is I’ve been spending hundreds since they had small faces.
Posted on 10/12/18 at 9:53 pm to HailHailtoMichigan!
Hard to judge the difference in quality between products.
This post was edited on 10/12/18 at 9:54 pm
Posted on 10/12/18 at 9:54 pm to northshorebamaman
quote:
Hard to judge the diffidence in quality between products.
I guarantee you the 70s appliances would have lasted 4 times as long
Posted on 10/12/18 at 9:55 pm to HailHailtoMichigan!
That’s great. Who’d thought electronics are cheaper. Now do a house or better yet a college tuition.
Posted on 10/12/18 at 9:56 pm to HailHailtoMichigan!
The price of trivial shite has gone down, but what about housing, transportation, healthcare, higher education, etc.?
Posted on 10/12/18 at 9:56 pm to northshorebamaman
My fírst VCR cost over $600 and weighed about 60 lbs, it seems.
Posted on 10/12/18 at 9:56 pm to HailHailtoMichigan!
Household items might be cheaper and easier to get but home prices exploded through the roof.
Posted on 10/12/18 at 9:57 pm to fallguy_1978
quote:
I guarantee you the 70s appliances would have lasted 4 times as long
For sure. And for all I know it could be comparing high end products from 79 with low end products from today. I can't make out the brand on most of them.
Posted on 10/12/18 at 9:57 pm to TigerMyth36
quote:
but home prices exploded through the roof.
Mortgage rates made payments back in those days extremely high
Posted on 10/12/18 at 9:58 pm to urinetrouble
quote:That "trivial shite" has made up about 35-45% of US household budgets for decades. I do not consider exercise machines, televisions, kitchen appliances, and other consumer goods to be "trivial".
The price of trivial shite has gone down,
The point is that while everyone rightfully worries about costs of big things going up, people also ignore the awesome drop in prices of other stuff as well.
My thread is not meant to downplay cost issues of healthcare and education. It is meant to show people how much progress has been made in the consumer goods markets.
A microwave alone was a revolutionary invention when you factor in how much cooking time is saved mothers.
Feminists LOVE the microwave.
This post was edited on 10/12/18 at 10:02 pm
Posted on 10/12/18 at 10:00 pm to HailHailtoMichigan!
That $68.99 bike in 1979 would be $239.61 today.
11.37 hours of labor.
11.37 hours of labor.
This post was edited on 10/12/18 at 10:01 pm
Posted on 10/12/18 at 10:00 pm to HailHailtoMichigan!
I love capitalism.
Just imagine how much healthcare costs would lower if government wasn't fricking up the entire system.
Just imagine how much healthcare costs would lower if government wasn't fricking up the entire system.
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