February 7, 2015

NO ONE HAS IT HARDER THAN THEIR FATHER DID:

Six Things Technology Has Made Insanely Cheap (Aki Ito, February 5, 2015, Bloomberg)

For anyone bearish on the progress made by the U.S. economy, consider this: Computers are now one-1,100th of their price 35 years ago. 
Innovation makes things cheaper, which frees up cash for consumers to buy other things. That drives the virtuous cycle of economic growth. We dug into the inflation data, more formally known as the personal consumption expenditures price index, to highlight some of the items that have seen the biggest discounts. 

1. Personal computers 
PCs have recorded the largest decline since January 1980 in the Bureau of Economic Analysis' breakdowns. It's a mind-blowing 99.9 percent price drop. [...]

2. Software 
Computer software now costs 0.7 percent of what it did in January 1980. Since some of the world's most-used software today is free, this is no surprise. [...]

3. Televisions 
TVs today are 3 percent of their price in January 1980. 

Posted by at February 7, 2015 6:06 PM
  

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