Re:Experienced well-being rises with income, even above $75,...
by Scoundreller on Sunday January 24, 2021 @03:39PM
(#25895720)
And just goods in general, but a lot of jobs with it as a lot of retail markups were from retail inefficiencies.
Now you’re increasingly < 10 miles from a Walmart and Amazon will deliver nearly everywhere.
15 years ago, a lot of this was still accessible, but you’d have to plan your Walmart trip or trudge through eBay or umpteen online retailers to cut out the b&m markups.
As to measuring inflation generally via the proxy of housing, the relationship is confounded by regulation that subsidizes demand and restricts supply, especially in cities like SF & NY, which is almost guaranteed to raise prices. In lots of other arenas, e.g. access to fresh food, real prices have gone down over time in America.