Re:Public Comment on Inflation Measurement
by loeg on Wednesday September 08, 2021 @07:01PM
(#28464128)
> What in your life costs 500%+ more than it did in 1995 for the same product?
Reflexively, I thought of housing (Seattle area), but apparently that has only increased by 270% since 1995.[1]
Re:Public Comment on Inflation Measurement
by mikeyouse on Wednesday September 08, 2021 @07:07PM
(#28464173)
Yep - there are certainly some bubbles of costs that have increased substantially, but think about the tech in your pocket (1995 was the era of $500/GB hard drives - https://external-preview.redd.it/-ArYBjQcq6Go7QbkY5-Os9FFOtZ... and terrible $5,000 Gateway laptops) or the car in your driveway.
A new Civic costs something like 80% more than a 1995 one and is a remarkably nicer car. Gas prices are up something like 200% since then (but basically unchanged since the mid 2000s), but cars are far more fuel efficient so even that impact is blunted.. groceries, appliances, furniture, restaurants, entertainment...
Re:Public Comment on Inflation Measurement
by loeg on Wednesday September 08, 2021 @08:40PM
(#28464842)
Yeah, I guess healthcare is the other major one that's increased in cost. Although I'm not sure that's at literally 500% from 1995 either.
Re:Public Comment on Inflation Measurement
by symlinkk on Wednesday September 08, 2021 @07:36PM
(#28464370)
Yeah, the vast majority of millennials and later generations can’t afford a place of their own and are destined to be rent slaves for years, but think about the amount of Tik Tok videos you have in your pocket!
What in your life costs 500%+ more than it did in 1995 for the same product? No need for in-depth debunking when it's self-evidently nonsense.