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The website is surfing on a trend of people worrying about the price of things. However, I would argue most of things are cheap, even today. Their very low pri
by 0wis 3y ago
The website is surfing on a trend of people worrying about the price of things.
However, I would argue most of things are cheap, even today. Their very low price in the last decade(s) was maybe an anomaly due to huge income inequalities in the world, global commerce expansion due to a very peaceful era, and very abundant energy.
The price of things is still quite low, if yo try to imagine what it would cost to a small or even a large community to build most of the things we use, we would have to go back to the 1800's.
Writing this comment reminds me that things could get more expensive, and making them cheaper takes a huge amount of human effort.
- DoingIsLearning 3y ago> a trend of people worrying about the price of things. Rather dismissive. There are whole chunks of the industrialized world struggling to afford basic necessities while working full time jobs. Calling it 'Worrying' is almost british levels of understatement.
- hackerlight 3y agoThe problem is really housing. The housing crisis overshadows the hundreds of smaller wins we've had in other goods like electronics, because housing is such a large proportion of expenses, and it's a compulsory expense. When you add in wage stagnation of the lower class, we've now got a big social problem. A generation of alienated young people. They have no hope of home ownership and rents keep increasing. This then creates political radicalization. My grandfather, a middle-class guy, grew up objectively poorer than people today but home ownership (without a mortgage!) was a given and that takes a load of stress off your shoulders when half of your paycheck isn't going to a landlord.