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.
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.