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And yet the smartphone I have in my pocket would be worth billions back then. Even the poor today are much richer in many ways than the richest people alive in
by aianus 13y ago
And yet the smartphone I have in my pocket would be worth billions back then. Even the poor today are much richer in many ways than the richest people alive in 1967.
- WalterBright 13y agoThat could be the plot of a great time travel movie!
- digitalengineer 13y agoYes, but one cannot eat a smartpone. Poor families care more about things like healthy food, groceries and fuel. The sad part of this 'New Normal' is things like smartphones and TV's becoming cheaper and things a family can't live without are becoming more expensive. (Although I have to hand it to the US, they can export their inflation because of the reserve currency status).
- glenra 13y agoFood is a lot cheaper now than it was then. As is clothing, especially at Walmart. If you look through an old Sears catalog the worker-hours needed to buy pretty much everything people buy has declined - all the stuff is cheaper, not just electronics. (Ikea helps too!) Buying a house might be more expensive, but the average house is so much bigger and better today that it's hard to do a direct comparison.