Re:Evidence for Abundance
by dragonwriter on Wednesday June 29, 2016 @02:06PM
(#12003409)
> If wages are stagnant and goods are getting cheaper, then you are getting richer. I see this "stagnant wages" meme brought up all the time, but I don't see why nobody ever talks about cost of goods.
Because the wages are stagnant in real (that is, inflation-adjusted) terms, which means that the cost of goods is already considered.
Re:Evidence for Abundance
by ianai on Wednesday June 29, 2016 @02:38PM
(#12003645)
Considered for the most part. You will expectedly still be able to find goods and services that cost considerably more or less than in past, real terms.
Because the wages are stagnant in real (that is, inflation-adjusted) terms, which means that the cost of goods is already considered.