3 ms·
That's not entirely wrong but you're ignoring the massive price difference for air-travel between the 60s and "slower" 2016. The price drop in air-travel can b
by discodave 11y ago
That's not entirely wrong but you're ignoring the massive price difference for air-travel between the 60s and "slower" 2016.
The price drop in air-travel can be attributed to:
1. Technology. Cheaper (per seat), more efficient planes.
2. Consolidation of airlines (and airplane manufacturers).
3. The disruption of full-service airlines by low-cost carriers.
In semi-conductors we have been getting along with 1 and a bit of 2. I would say that the disruption of Intel by ARM is an example of 3 because intel is not incentivized to compete at those low price points.
- hga 11y ago3. The disruption of full-service airlines by low-cost carriers. In the US at least, this was due to political deregulation. The process was started by Nixon, but finished in law by Jimmy Carter (!), note also the leading lights of the Democratic party in the signing picture, e.g. Teddy Kennedy 2nd from right: https://en.wikipedia.org/wiki/Airline_Deregulation_Act https://en.wikipedia.org/wiki/Airline_Deregulation_Act