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Are real wages measured by computers and TVs?
by dd36 5y ago
Are real wages measured by computers and TVs?
- notahacker 5y agoDoes this have anything to do with either of the points I'd made in the above posts about the crudeness of conflating financialization and globalization or the author's claims about the superiority of 70s consumer goods? Are you GPT-3?
- 6510 5y agoLets try, just to be sure? If I earn 1500 euro per month and pay 1100 worth of bills. I need a new computer and a new TV every 5 years or so. I have 400 left for food etc so saving more than 50 per month would be unreasonable. How much money do I have saved up after 5 years? 50125=3000! Should be enough for a modern computer. For comparison, doing the same job in 1985, earnings: 4500 guilders bills: 450. where 1 euro == 2.2 guilders. I set aside 3000 per month for the TV&PC. 3000125=180000 or 81818 euro. Hummm... Lets adjust that by 50% for possible inaccuracies(?) 40 000 vs 3000 seems like it wouldn't bother me if the TV&PC was 2, 3 or 13 times as expensive? I could be wrong of course but it seems to me consumer electronics need to be so cheap because people don't have money.