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This isn't true. The costs of some things are going up while others are going down. Transportation is much cheaper, for example, even without taking into accoun
by tharne 6y ago
This isn't true. The costs of some things are going up while others are going down. Transportation is much cheaper, for example, even without taking into account remote work. The cost of cars, gas, and auto insurance is lower than it was 20 or 30 years ago when adjusted for inflation. Education and Healthcare are getting dramatically more expensive. Clothes are much cheaper, and the cost of consumer goods in general is decreasing a lot. Think about how much a microwave cost in 1980's.
- Tehchops 6y agoI'll concede that some durable goods are cheaper adjusted for inflation. But at the end of the day, what has the most impact on socioeconomic mobility and overall success? It's probably not a cheap microwave. It's access to good schools, health care, and diet. All of the things that are getting more expensive. Cheaper gas and clothes also have hidden(less so now) costs in pollution and ethical sourcing concerns.
- tharne 6y agoGood point. I'd strongly prefer cheaper healthcare and pricier gasoline to cheap gas and cost-prohibitive healthcare.