4 ms·
7% cheaper, repeated over and over is meaningful. 1n 1900, people had to spend 43% of their income on food, now it is 13%. They spent 12% of their income on cl
by WillPostForFood 10y ago
7% cheaper, repeated over and over is meaningful. 1n 1900, people had to spend 43% of their income on food, now it is 13%. They spent 12% of their income on clothing, now it is 4%. Basic goods getting cheaper particularly helps poorer people.
http://www.theatlantic.com/business/archive/2012/04/how-america-spends-money-100-years-in-the-life-of-the-family-budget/255475/ http://www.theatlantic.com/business/archive/2012/04/how-amer...
- internaut 10y agoFood has become more expensive recently. Basic materials e.g. timber, nails, screws, stuff you use to build houses, have all become more expensive recently, despite a dramatic decline in house production (in my country at least). Seems like few people are talking about this and it really annoys me. No, things are not getting better and better. Many trends are going into reverse but are not being talked about. They were getting better and better. Most of those trends stop in the early 70s or after 2008, especially basic needs like medicine and shelter.
- 3adawi 10y agousually people took about trends that is seen in decades, not 'recently' where recently here means a couple of years. If you look at food expenditure as a percentage in the 90s and now, there has been progress.
- spectrum1234 10y agoYour timeframe is way too short. You are cherry picking.
- internaut 10y agoReal median wages haven't increased for about four decades. Real energy prices have been high since the existence of OPEC with only some relief very recently. This isn't cherrypicking. That's half a lifetime.