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I've read that before, and he neglects to mention that appliances used to cost a lot more. It's a bit hard to find pricing, but here's one reference I found wi
by secabeen 8y ago
I've read that before, and he neglects to mention that appliances used to cost a lot more. It's a bit hard to find pricing, but here's one reference I found with fridges in 1968 at prices between $350-450:
https://www.automatice.org/cgi-bin/index.cgi?showdoc~657~~ https://www.automatice.org/cgi-bin/index.cgi?showdoc~657~~
In 2018 dollars, that's around $3000. You can get a low-end fridge today for under $400. When a product's price hasn't changed over 50 years, that's achieved by technology, and by cutting materials costs.
- jbob2000 8y agoThe price drop is probably because your fridge is built in China or Mexico instead of a neighboring city. That, and it’s made with more plastic. Compare the weight of an old fridge to a new one and you can see where the savings came from.
- humantiy 8y agoThe price has changed though if you're including the cost of the longevity. Also comparing low end fridge to what was high end or standard at the time I don't think is a fair comparison. Granted price wise its the 'same' but if modern stuff lasts half to a 1/3 as long then the new appliances are far more expansive.