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Right. People seem to not want inflation to apply to appliances. E.g. a decent toaster in 1984 in the UK was about £18. That's £72 now. Only posh people spend
by switch007 3y ago
Right. People seem to not want inflation to apply to appliances.
E.g. a decent toaster in 1984 in the UK was about £18. That's £72 now. Only posh people spend £72 on a toaster. Most people I imagine want to pay no more than £40.
Microwaves were around £200. That's £805 now. Nobody is spending £800 on a microwave.
- class3shock 3y agoDon't forget though that that toaster may have been made by people being paid a living wage, maybe even in the UK, and probably in the tens-hundreds of thousands, not millions of units produced as cheaply as possible by slave labor.