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Most of the things you pay for costs more the more other people earn. A doctors visit will cost more as he earns more, as do all other jobs demanding access to
by username90 6y ago
Most of the things you pay for costs more the more other people earn. A doctors visit will cost more as he earns more, as do all other jobs demanding access to others people time. Land (and therefore housing) costs more as other people get more money to bid on it, as do all other things with strict limits to supply.
Goods that doesn't follow this tend to either be vastly more affordable or vastly superior today than 70 years ago. The exception would be goods requiring fossil fuel which has gotten more expensive for obvious reasons.