This is incorrect. The inflation adjusted price of the first smart phone is ~$600. I can get a vastly more capable device shipped to my house for $129 unlocked

This is incorrect. The inflation adjusted price of the first smart phone is ~$600. I can get a vastly more capable device shipped to my house for $129 unlocked for any carrier. The most barebones available car has steadily dropped in price relative to average income while becoming drastically safer, more reliable, and lasting longer.