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No they don't have to do something like this. The change in consumption patterns is caused by inflation and should be measured. If someone has to switch from bu
by silent_cal 4y ago
No they don't have to do something like this. The change in consumption patterns is caused by inflation and should be measured. If someone has to switch from buying steak to ground beef, it's not a change in preference. They've stopped buying something they can't afford.
- ac29 4y ago> The change in consumption patterns is caused by inflation and should be measured While inflation can change consumption patterns, its not the only factor. For example, how do you compare your current spending on a mobile data plan or video streaming service compared to how consumers spent their money in the 1970s?
- burnished 4y agoConstant or diminished? I am squinting at print media, broadcasts, and maybe live performances as a form of data. For example in the 1970s I expect my family had a book budget. My book budget has been subsumed by my ISP budget and they both effectively accomplish the same thing (reading material). I know that this specific example wasn't crucial to your overall point, but I thought it was an interesting tangent to take literally.