Comment by gaze
3 months ago
I mean I get your argument but it feels like one should adjust for wage growth instead. One labor unit of value converts to a shittier backpack.
3 months ago
I mean I get your argument but it feels like one should adjust for wage growth instead. One labor unit of value converts to a shittier backpack.
The other side of that coin is that someone whose units of labor demand less value can still get into the market.
see terry pratchett's boots theory of economic fairness. They'll get into the market with something that costs more long term...
Exactly, and many who could have saved up for the original quality product are also lured into getting the crappier one that doesn't last as long - often without being aware of that deal.