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>"1) It's a net negative to GDP" I agree with everything but the above. As you say in your example, that chore rarely gets done in 1980. Today, there can be
by tatsuke95 14y ago
>"1) It's a net negative to GDP"
I agree with everything but the above. As you say in your example, that chore rarely gets done in 1980. Today, there can be multiple transactions of this type, done easily, everyday.
- colomon 14y agoHmm. Speaking personally, I don't think my music-buying has more than doubled the number of tracks I purchase in a year from 1994 (first year with a full time job, still had to buy from brick-and-mortar stores) until today. Considering how much CDs cost then versus MP3s today, I wouldn't be surprised if my absolute dollar spending has stayed about the same. (Before correcting for inflation!) Maybe the right way to say this is, I'm getting at least twice as much personal value for the same amount of GDP?