Re:Price shocks in formative years scar consumption for life
by aksss on Wednesday June 15, 2022 @03:44PM
(#31758380)
I paid $1.50 for a candy bar the other day. My earliest memory of scrounging change for a commercial transaction to obtain a candy bar was a $0.45. That would have been in the eighties.
Re:Price shocks in formative years scar consumption for life
by throw8383833jj on Wednesday June 15, 2022 @11:57AM
(#31754959)
yup, it's pretty easy to forget that the dollar has already lost over 98% of it's value.
Re:Price shocks in formative years scar consumption for life
by Mountain_Skies on Wednesday June 15, 2022 @02:51PM
(#31757557)
IIRC, when the US stopped minting the half penny, the whole penny was worth somewhere around $0.33 in 2022 currency. Lopping the last digit off of everything isn't practical for many reasons but I wish we could at least finally put the stupid "9/10" on gas prices into the grave.
Re:Price shocks in formative years scar consumption for life
by takeda on Wednesday June 15, 2022 @04:25PM
(#31758981)
Yeah, seriously. It was there to visually fool customer into thinking the price is cheaper than it really is. But because today it is insignificant difference as well everyone else is doing it, it is just nonsense and no longer serves its purpose.
Another thing (and that actually matters much more) is that tax is not included in the prices there are excuses about it that tax is different in different areas, but it's just yet another way to lie to a customer.
Re:Price shocks in formative years scar consumption for life
by rootusrootus on Wednesday June 15, 2022 @05:59PM
(#31759985)
In some places you're getting your wish, because they plan to need that space on the sign when the dollars go double digit.
Re:Price shocks in formative years scar consumption for life
by dixie_land on Wednesday June 15, 2022 @12:05PM
(#31755082)
exactly, back in the days a penny coin actually was worth more than the metal in it
Sure. But you also have to realize that a loaf a bread cost a nickle and that cards didn't exist. People carried around change because you could actually buy meaningful stuff with it and there wasn't really an alternative to cash (sure someplaces give credit but much different than using a card today).