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.
Why are you not mentioning tariffs and shrinkflation, and greedflation. Is the burrito the same size as it was in 2022? Unless I missed it you didnt mention how companies are making record profits ripping us off. A 10 dollar burrito is still a rip off maybe they should cut the rice filler to save money. Rice doesn't belong in a burrito.
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.
Why are you not mentioning tariffs and shrinkflation, and greedflation. Is the burrito the same size as it was in 2022? Unless I missed it you didnt mention how companies are making record profits ripping us off. A 10 dollar burrito is still a rip off maybe they should cut the rice filler to save money. Rice doesn't belong in a burrito.