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I never quite understood this. For things that are new and novel it makes sense for price to decrease over time, like TV tech (do note that OLEDs today aren't a
by dcow 4y ago
I never quite understood this. For things that are new and novel it makes sense for price to decrease over time, like TV tech (do note that OLEDs today aren't any cheaper so the category is not TVs it’s LCD TVs). But games/toys it does not. It implies quality is lower or efficiency of production is higher and with something like video games I really doubt efficiency is higher. This is why I welcome the $10 price hike for video games. I want good games again.
- sokoloff 4y agoI paid $3500 for a high quality 480p TV in 1997. A 4K OLED TV that will stomp all over that TV can be had now for under $1500. In nominal dollars, the TV fell by over 50%. In real dollars, it fell by over 75%.
- dcow 4y agoI spent $3500 on a nice OLED a few years ago. You’re not wrong, but there’s a lot of variance in what you compare.
- ROTMetro 4y agoNow do car prices.
- sokoloff 4y agoCars have both increased in reliability, features, safety, and longevity and deflated significantly in real terms. They have not deflated in nominal terms as consumer electronics have. https://www.in2013dollars.com/New-cars/price-inflation https://www.in2013dollars.com/New-cars/price-inflation