Comment by robotresearcher
5 hours ago
iPhone 1 launched at 649 Euros in France in 2007 money, or about 980 Euros today.
Given inflation and the increased utility of the smartphone, we're almost certainly at the lowest cost per hour of use ever for most people.
> for most people
For most people, salaries have not kept up with inflation
What's funny is that due in part to minimum wage laws (which caused some of the inflation) the lowest quintile is arguably the one who's kept up with inflation better than the rest, meaning there has been an improvement in the wealth inequality department. But nobody talks about it. Meanwhile I've lost like 20% of my buying power to inflation in the past 3-4 years even taking the meager raises into account.