If you look at a chart of TV prices over 50-80 years, this has always been a trend [1]. Institutes using this as an argument for declining poverty are missing the point that while most goods have gone down in cost over the years, services (childcare) and things of value (education) have gone up substantially [2]. [1]: http://www.businessinsider.com/chart-of-the-day-the-incredib... [2]: Elizabeth Warren's classic "Twi…
I doubt it captures the change from TV being central in peoples' lifes to being a sideshow to internet. The value of owning a TV in the old times was much higher than now.
I remember buying my first tv as a married couple around 2007. We were still in undergrad and quite poor, but saved up and bought a 32” HDTV from Walmart for like $400.
Fast forward to today and you can get a 65” 4K tv from Best Buy for that same price [0]. Is it a good tv? No clue. But in 2007 a 32” tv seemed huge....