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Who cares about iPhones? They could afford education, healthcare and housing. These calculations are far from arbitrary. We have a reasonable idea of the sorts
by qntty 10y ago
Who cares about iPhones? They could afford education, healthcare and housing. These calculations are far from arbitrary. We have a reasonable idea of the sorts of things that people need to live a decent life, and these things have gotten more expensive. (Ok, so another commenter pointed out that maybe housing isn't as expensive as it's made out to be, but it's certainly not cheaper.)
- randyrand 10y agoiPhones were just an example =)
- randomdata 10y ago> They could afford education To be fair, they could afford it because they didn't care about it. The degree attainment rate has doubled since 1980. If the student population reverted back to those levels, price would plummet.