April 17 2013
I’m no economist. I don’t even know how to do math. Nor do I understand most aspects of most things that involve practical intelligence. But something is weird when it comes to the history of the pricing of electronics and maybe somebody can explain it to me.
Okay here’s the thing. In 1982, a can of soda was what… 50 cents? In 1962 it was what? Ten cents? Now it’s a dollar or whatever. Back in the 80’s you could get a Toyota for like like $8000. Now it’s double. Back in the 50’s a Six pack of beer in 1950 was what? $1.50? Now it’s $10 (depending on whatever). Everything has gone up, right?
Plane tickets. Haircuts. Houses. Milk. Furniture. Cup of coffee. Sunglasses. Car rentals. Movie tickets. Everything like doubles every 20 years or so, right?
But look at these random ads for electronics from back in the day..
I don’t get it. The pricing seems all seem frozen in time. Cost of a real estate way up. Cost of food way up. Cost of milk whatever. Vacations. But why do electronics all hover in the same price range for decades like nothings going on…
I get that maybe they can make stuff cheaper now and that must factor — but the pricing value itself also seems frozen. Like, when someone spent $1000 on a Radio Shack computer back then did it feel like that much more than $1000 does now? I feel like $100 on a Walkman didn’t feel like $200 or $300. It think it felt close to what $100 feels like now? Or am I wrong? Did $300 for a game system then feels that much different than $300 does for a game system now?
It seems like the economics is based in some other weirdly world where not only does the pricing stay the same but weirdly the actual dollar amount impact feels then same.
I really don’t understand the point of what this post is about. Nor what I’m talking about really. I’m not old enough to know anyway what felt like what. Just seems like these things should have been crazy expensive back then but weirdly weren’t. Did a VCR costing $500 feel like $1000 then? Or $1500? It felt like the same $500, right?
Am I missing my point? I just think it seems like a something something. Please clarify…