This is not the case. Washers used to be more expensive as a proportion of median income back then. According to this page a new Kenmore washer cost $289 in 1980. The median family income in 1980 was $21,023, so a new washer would cost 1.37% of a family’s annual income. Compare to now, where the median household income is $83,150. As a proportion of median income, a $289 washer in 1980 would cost about $1500 today, which is about what a durable, well made washer with a 7 year warranty costs. Manufactured goods were largely more expensive compared to wages in the past.
Median income isnt the whole story as rent, transportation, medical, and other costs have increased at a greater rate so people dont have the money to buy the 1500 dollar washing machine.
That is true to an extent, but the main point is that it’s not like the past was a glorious land of milk and honey where everything was cheaper and easier. I am always amazed when I see how much things used to cost back then compared to incomes, especially TVs and other electronics. That’s a big part of the “built to last” reputation of older goods- they were literally built better, but they were also priced accordingly. A cheap appliance back then was a used one. There simply wasn’t an option to buy a cheap one new.
No. I am saying that these well made appliances are just as affordable today as they were back then, but most people want the cheaply made alternatives, and manufactured goods were generally less affordable back then than they are now. People generally just had less stuff in the past, and paid more for it. You simply couldn’t buy a new washer for the same fraction of your income as the cheap ones today. A lot of things are worse for us economically than for our parents but this simply isn’t one of them.
This is not the case. Washers used to be more expensive as a proportion of median income back then. According to this page a new Kenmore washer cost $289 in 1980. The median family income in 1980 was $21,023, so a new washer would cost 1.37% of a family’s annual income. Compare to now, where the median household income is $83,150. As a proportion of median income, a $289 washer in 1980 would cost about $1500 today, which is about what a durable, well made washer with a 7 year warranty costs. Manufactured goods were largely more expensive compared to wages in the past.
Median income isnt the whole story as rent, transportation, medical, and other costs have increased at a greater rate so people dont have the money to buy the 1500 dollar washing machine.
That is true to an extent, but the main point is that it’s not like the past was a glorious land of milk and honey where everything was cheaper and easier. I am always amazed when I see how much things used to cost back then compared to incomes, especially TVs and other electronics. That’s a big part of the “built to last” reputation of older goods- they were literally built better, but they were also priced accordingly. A cheap appliance back then was a used one. There simply wasn’t an option to buy a cheap one new.
That is very nice of you, looking up the numbers stating exactly what i said. thanks.
No. I am saying that these well made appliances are just as affordable today as they were back then, but most people want the cheaply made alternatives, and manufactured goods were generally less affordable back then than they are now. People generally just had less stuff in the past, and paid more for it. You simply couldn’t buy a new washer for the same fraction of your income as the cheap ones today. A lot of things are worse for us economically than for our parents but this simply isn’t one of them.
I understood that. the point you don’t understand is that people today HAVE LESS MONEY than their parents.
Do you know what median means?