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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 12/18/2010 : 06:50:11
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By Maplesilverbug of SiverSeek
Spend more, save more!
CNN Money -- Cheapest Christmas ever!
"Toys are 55% cheaper today then they were in 1980, according to the Consumer Price Index. And that's a raw number, not adjusted for inflation. If a toy was $100 in 1980, it's $45 now -- never mind the fact that $100 then would be worth $265 today."
Man...I think maybe I am not stoopid enough to get a job as a CNN Money "senior writer".
1980
Toy = $100
Dollar = $100
2010
Toy = $45
Dollar = $33
So, back in REALITY...the REAL answer is NO!, toys are NOT 55% "cheaper".
When you do factor in inflation (or are toys not part of the CPI?), the consumer is actually having to pay 165% MORE in today's dollars than in 1980 -- NOT 55% LESS!!!
Average Salary
1980: $16,000
2010: $40,000 (+150%)
Minimum Wage
1980: $3.10
2010: $7.25 (+133%)
Your wage has NOT even kept up with the price of Chinese-made toys!!!
How use the bathroomty do you feel now?!?
You may THINK you are "making" more money (actually only the Fed can do that ), but you aren't.
You are just taking home more dollars that are worth less.
The working stiff (aka zombie) gets screwed and retarded "reports" like this CNN bulluse the bathroom by so-called "professionals" does nothing but keep the fraud alive and well by NOT exposing the TRUTH.
Love this too:
"Electronics are a particular bargain. Televisions are 93% cheaper now then they were in 1980. Radios and speakers are half what they were when Reagan was elected."
Uh...yeah. Wanna know why?!?
In 1980 probably all your electronic stuff was made in the U.S.A.!
In 2010 certainly ALL your electronic stuff (along with everything else you use) is made NOT in mcmerica!
You have traded a 93% drop in price for a 100% drop in manufacturing force!
Not to mention, again, that your dollar has dropped 66%, so the trade off is more like 27-100.
There you go, enjoy your false sense of wealth!
I'm going to STOP trying to read CNN.
It really has become quite the amateur hour.
Best line of the article:
"What it means for us, as consumers, is we get to buy more crap" said John Norris, director of wealth management at Oakworth Capital Bank in Birmingham. We simply buy more of the cheap stuff. Plus, the really high-end stuff hasn't fallen in price, and that's always tops on anyone's wish list. "Have you seen what Uggs cost," said Norris. "And Steve Jobs is not discounting the iPad."
I like that guy.
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