Comment by KPGv2
2 days ago
In my experience, most price increases are in labor-intensive industries. Construction, etc.
Compare with tech, which is what a Waymo is like: computers, TVs, etc are insanely cheap compared to their equivalents in the past.
I had to point out to a Gen Zer complaining about how video game companies keep jacking up prices ("this game for the Switch is $80!") by pointing out that when you adjusted for inflation, a Super Nintendo game cost over $100 in today's money.
What do you think is happening, now that the hyper scalers stopped growing by more than 20-30% per year? We're just entering the maturity stage of the tech world. 10-20 years from now all these subscriptions will reach and exceed cable levels.