https://www.salon.com/2024/04/06/the-rent-really-is-too-damn-high-why-you-feel-poorer-than-ever/
"In reality, inflation in the U.S. has been unofficially split into two major categories for decades: the things we want, and the things we need. Due in large part to globalization and offshoring, the prices of the things we want — electronics, household appliances, off-the-rack designer clothing and so forth — have generally increased slowly, or even gone down. Meanwhile, the costs of the things we need, like shelter or medical care — the kinds of things that can’t be offshored and for which demand can’t fall to any substantial extent — have risen faster than general inflation year after year after year."
https://old.reddit.com/r/economy/comments/1bxvnb4/deep_dive_why_you_feel_poorer_than_ever/
by calvinballdc
1 comment
Yeah this is what I’ve noticed as well.
Sure, computers are cheaper than in the 90s and TVs are not only cheaper but more advanced. Still, those things aren’t all that important in life. I’d rather have cheap housing, affordable healthcare, and a job that provides a decent quality of life than “new iPhone”.
This sub is full of bootlicky neoliberal sentiment though so I’ll wait for comments about how great life is because I can buy a dryer that has Bluetooth now (real shit).