Well, the point I made is that finished goods cost more. You are talking about services, and about advances in technology. No one disputes that computers are cheaper, and can do more things, that new cars are better designed, that competition in the telecom industry after the 1996 changes in the laws have made telecom cheaper. Tell you what. Next time you make a trip to your local library, pull out a copy of your local newspaper dated a year ago. Turn to the grocery ads. Write down the price of a box of Cheerios, or Kelloggs Corn Flakes, a gallon of whole milk, a pound of apples, a pound of butter, a pound of steak, a box of your favorite laundry detergent, and then when you go to your grocery store, compare them. Due to seasonal fluctuations, I think a year is a fair way to do it. You might want to see if you see ads for, say, BVDs or your favorite running shoe, and again, compare them, then and now. Then, look back in your check stubs and see what you paid for auto insurance last year (same car, same number of drivers).
You might be surprised. |
