While I personally find this kind of thing extremely annoying, to me, the main problem is the _difficulty_ of determining quality. The Donut media guys did a (relatively unscientific) video comparing a whole bunch of products from the 50s to modern day across several price points. What they found was that the things that "looked" the same now were simultaneously worse and also much cheaper. They also found that, if i…
> They also found that, if inflation adjusted, you get could, in most categories, the same or better quality for the same price. I argue you must evaluate against median purchasing power; it accounts for inflation and (lack of) wage increases. Comments from your linked video: > The problem with the “adjusted for inflation” argument is that it does not factor in buying power. The increase in wages has risen at out hal…
Now do the same analysis but using median wage not minimum. YouTube comments are for entertainment purposes only.