The NYT published an article showing that housing is twice as expensive in real terms as in the late 80s, healthcare 4x, child care multiple times, even entertainment and activities, but then choose to end the article like this.
The NYT published an article showing that housing is twice as expensive in real terms as in the late 80s, healthcare 4x, child care multiple times, even entertainment and activities, but then choose to end the article like this.
and they got easier and cheaper to make. which also means they need to be replaced more often.
better comparison would be phones but of course that’s not at all the point NYT want’s to make
Consumer goods are also cheaper because socialist modernity and development have left the west in the dust
People do not thank China enough for bringing down the cost of consumer goods through their miraculous centrally-planned economy. If household electronics production was still dominated by the US and Japan, we’d need to take on loans to buy a TV or stereo.