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Started By
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re: Cool graphic showing decline in labor hours required to buy home stuff: 1979 vs now: wow
Posted on 10/13/18 at 6:38 am to HailHailtoMichigan!
Posted on 10/13/18 at 6:38 am to HailHailtoMichigan!
The old ones ate all name brand and well built
0
Posted on 10/13/18 at 7:03 am to HailHailtoMichigan!
And yet college has trended the other way, drastically. AND is less useful.
Posted on 10/13/18 at 7:11 am to HailHailtoMichigan!
Do one for insurance premiums.
Posted on 10/13/18 at 7:35 am to fallguy_1978
quote:
I guarantee you the 70s appliances would have lasted 4 times as long
This for sure. We still are using a mixer and toaster from 1979.
Posted on 10/13/18 at 7:37 am to LSUtoBOOT
quote:
People will pay more for what they want than for what they need.
True. Cars back on the day didn't last near as long either, and owners learned to be backyard mechanics. Everyone knew basic maintenance at the least.
Posted on 10/13/18 at 7:38 am to TigerstuckinMS
quote:
The towels might have been crunchy, but they were always stupid clean and smelled nice from being in the sun
Fresh bedsheets after being on the line were heavenly.
Posted on 10/13/18 at 8:59 am to fallguy_1978
quote:
quote: Hard to judge the diffidence in quality between products. I guarantee you the 70s appliances would have lasted 4 times as long
Yep, all that asbestos really held things together.
Posted on 10/13/18 at 9:05 am to Barbellthor
quote:
And yet college has trended the other way, drastically. AND is less useful.
Boom gif
Posted on 10/13/18 at 9:24 am to HailHailtoMichigan!
What about cost for a year of college, doctor visit, insurance, rent, or surgery?
Posted on 10/13/18 at 9:36 am to HailHailtoMichigan!
shite's wrong anyway. I may ve out of touch, bout are most people making 20/hr nowadays? That's alot of people making 40-45k a year.
Posted on 10/13/18 at 9:56 am to HailHailtoMichigan!
China
Posted on 10/13/18 at 10:04 am to HailHailtoMichigan!
I will say the prices of the merchandise on the right is bs.
Don't believe that alters the comparison though.
Don't believe that alters the comparison though.
Posted on 10/13/18 at 10:04 am to HailHailtoMichigan!
(no message)
This post was edited on 1/21/20 at 9:21 am
Posted on 10/13/18 at 10:17 am to cahoots
Not trying to get political, but it is pretty telling based on the graph somebody posted on page 3 that the industries with the least govt involvement all saw precipitous drops in prices, while the industries/services that are most regulated and subsidized saw steepest price increases.
And for those of you calling me dumb for posting my OP, a WSJ commentator who is an economist tweeted the story. Don’t shite on me for posting something I thought was interesting. Jeez
And for those of you calling me dumb for posting my OP, a WSJ commentator who is an economist tweeted the story. Don’t shite on me for posting something I thought was interesting. Jeez
This post was edited on 10/13/18 at 10:18 am
Posted on 10/13/18 at 10:29 am to BigPerm30
Coincidentally, my first semester at LSU was in the fall of 1979, my tuition was $527.
Posted on 10/13/18 at 10:30 am to HailHailtoMichigan!
quote:
And for those of you calling me dumb for posting my OP, a WSJ commentator who is an economist tweeted the story. Don’t shite on me for posting something I thought was interesting. Jeez
Pretty sure people are simply telling you to think shite through before trying to pull a “gotcha” moment on the OT.
Especially when people can easily poke holes in the quality of the product on the right (hint: most anything that cheap is shite and will be replaced multiple times) and easily point out that other necessary services for people have tripled or better in cost so it’s a moot point.
Posted on 10/13/18 at 10:34 am to #1TigerFan
quote:
Coincidentally, my first semester at LSU was in the fall of 1979, my tuition was $527.
Mine was about $1200 in 1996. It's like 5-6k now.
Posted on 10/13/18 at 10:40 am to BluegrassBelle
That’s perfectly reasonable. I have read and found arguments against the op interesting and compelling. Btw, how the hell was it a “gotcha”?
Economists I respect on twitter (both left and right wing) posted this article and said it was worth a read. Russ Roberts, shiller, don Boudreaux.
I wasn’t at all in my OP trying to downplay the fact that costs of other stuff has not increased
Economists I respect on twitter (both left and right wing) posted this article and said it was worth a read. Russ Roberts, shiller, don Boudreaux.
I wasn’t at all in my OP trying to downplay the fact that costs of other stuff has not increased
Posted on 10/13/18 at 10:42 am to fallguy_1978
quote:
Make that oven beige....that's essentially what we have
Your lucky it wasn't either harvest gold or avacodo green
Posted on 10/13/18 at 11:00 am to BluegrassBelle
quote:
Pretty sure people are simply telling you to think shite through before trying to pull a “gotcha” moment on the OT.
people are biased lemmings and will believe whatever they're told and want to believe.
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