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JD Champagne's avatar

Hey, I'm not an economist, but $20 is $20

I absolutely love the "time price" concept, and every time it comes up, I am reminded of https://humanprogress.org/light-has-burst-forth-in-astonishing-abundance-2/

Another thing I often think of in the context of affordability and living standards isn't just the devaluing of the dollar, but the often even greater effects of regulation on various industries: https://humanprogress.org/time-pricing-and-mark-perrys-chart-of-the-century/

Note that this chart only shows changes in price and ignores the change in quality. A modern TV blows the doors off of a TV from 20 years ago, and yet costs a fraction as much.

Ann's avatar

Local prices and taxes vary, though! Currently my usual order, a barbacoa burrito with guac, is $15.44 for pickup at my local Chipotle in Atlanta, GA. I know I've seen close to $20 for the same order when traveling.

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