Average hourly wages have risen faster than housing? That doesn’t sound right but I’m even further confused because what is “affordable” and “expensive” in relation to if not wages?
Average hourly wages for all workers have NOT risen over 80% since 2000.
Every economist knows this.
Yes!
They all start from that dot on the left and move rightwards.
Translation: everything that can be made overseas are cheaper, everything that requires onshore labor is more expensive.
Inflation is just a blended rate between the ever-increasing onshore produced goods/services and decreasing overseas-produced goods.
Americans will need to put their money where their mouth is, do they really want their Nikes produced in America that are then sold for $300 in stead $60? For the most part, we enjoyed the value of cheaply produced goods that are “good enough”. America may make high quality stuff, but are they 5 or 6 times better as the price would indicate?
The government has much more control over the red stuff than the blue.
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Cheap TVs keep people from getting out in the streets to openly revolt. As long as there’s something on TV, Americans will stay docile.
If you want to see something that’s really fallen.
[Solar panel prices by year ](https://images.app.goo.gl/mXNSpQAy46mimqKJ9)
Average hourly wages have risen faster than housing? That doesn’t sound right but I’m even further confused because what is “affordable” and “expensive” in relation to if not wages?
Average hourly wages for all workers have NOT risen over 80% since 2000.
Every economist knows this.
Yes!
They all start from that dot on the left and move rightwards.
Translation: everything that can be made overseas are cheaper, everything that requires onshore labor is more expensive.
Inflation is just a blended rate between the ever-increasing onshore produced goods/services and decreasing overseas-produced goods.
Americans will need to put their money where their mouth is, do they really want their Nikes produced in America that are then sold for $300 in stead $60? For the most part, we enjoyed the value of cheaply produced goods that are “good enough”. America may make high quality stuff, but are they 5 or 6 times better as the price would indicate?
The government has much more control over the red stuff than the blue.