4 ms·
I don't disagree with any of that, none the less, they were selling at $3K then and have to cut price to $300 to sell now, so people are obviously 10x poorer no
by VLM 4y ago
I don't disagree with any of that, none the less, they were selling at $3K then and have to cut price to $300 to sell now, so people are obviously 10x poorer now than in the 80s. Can't argue with actual historical economic activity.
Its worth pointing out that I was paying something ridiculous like $115 for health insurance around 1990 and its running about $1750 now for my wife and I, and that's with horrifying copays and stuff. Somebody with $70K is still getting $70K, they're just spending it on rent and medical expenses now instead of $3K hard drives.
On one hand, instead of life involving $3K hard drives, now we supposedly have better medical care and nicer houses. On the other hand, its not like lifespans are increasing, LOL.
- TedDoesntTalk 4y ago> they were selling at $3K then and have to cut price to $300 to sell now, so people are obviously 10x poorer now than in the 80s Can you explain this? I don’t understand your reasoning. Doesn’t the issue of “cheaper to manufacture” have anything to do with price?
- notahacker 4y agoIt's entirely due to cost of manufacture (and the result that hard drives are mass market product with a lot of competiton) Here's a brand new sedan you could buy for under $5k during the same period. https://blog.consumerguide.com/wp-content/uploads/sites/2/2017/10/Dodge-741x1024.png https://blog.consumerguide.com/wp-content/uploads/sites/2/20... The sort of person that could afford to plonk $3k a few megabytes of storage without thinking about it too hard back then wasn't the sort of person that needs a payment plan to afford an iPhone today, it's the sort of person who's never needed to save for a new car.