[1]: http://www.businessinsider.com/chart-of-the-day-the-incredib...
[2]: Elizabeth Warren's classic "Twin Income Trap" talk: https://www.youtube.com/watch?v=akVL7QY0S8A
[1]: http://www.businessinsider.com/chart-of-the-day-the-incredib...
[2]: Elizabeth Warren's classic "Twin Income Trap" talk: https://www.youtube.com/watch?v=akVL7QY0S8A
I trashed an otherwise perfectly good 4-5 y/o 49" television last year because something on the IR receiver board failed. What leads I could find for a replacement board (a) had them listed around 50% of what a comparable replacement television cost and (b) didn't actually have any to sell me.
Upside, now even my rarely-used guest bedroom rates a fairly cheap 55" 4K smart TV. This holiday season the same money buys their 65-inch model, next year it'll probably buy a 70.
If I want to watch something with high resolution and good color accuracy, my iPad has been fulfilling my needs just fine. Feels surprising to say that, considering a few years ago I was poo-pooing the iPad and people who watched tv/movies on them.
Our society needs to recognize that only a certain percentage of people ever want to go to college, and that is okay. No need to put people in debt and set them up for failure.
The further you get from that, the worse teacher the internet is. There are many skills I've learned which are hard to find information about online, and a few which don't seem to exist on the internet at all.
Not every profession has someone who took the time to sit down and put all their knowledge on the internet for free. Some fields are just getting around to putting it in books.
There's plenty of content created by people who don't really know what they're doing, or who only have a rudimentary understanding.
I guess that's true of all education, but it feels like a bigger problem with free online content.
Do you have any examples? Sounds like an opportunity.
[1] https://en.m.wikipedia.org/wiki/Bloom%27s_2_sigma_problem
Of course I didn't learn the programming discipline until college many years later, and it shows in my early code.
To your examples, however, non-university education has gone down precipitously in price. I'm teaching myself machine learning and financial trading for essentially free, with tools and resources that significantly exceed what was available to people 20 years ago. I think the most useful skill today is "learning how to learn" and I don't think it's taught very well in our public education system. I know that hiring tutors and professionals and coaches is valuable and that self-education isn't a panacea, but we're certainly in a better spot than we were 30 years ago.
Childcare in San Francisco ranges from $1,000/month to $4,000/month. Was ye olde "cheap childcare" of days passed less expensive than $1000/month adjusting for inflation? I remember old childcare centers from the 1980s had significant problems compared to the relatively posh, highly regulated, childcare centers available today. Another big problem with childcare is the childcare tax credit which is a laughably small amount. From a government revenue-maximization perspective, it seems silly to discourage dual income households from continuing to stay dual income. But maybe the CBO has figured this all out and I'm completely wrong.
I certainly agree with you that certain things have gone up significantly in price (healthcare and housing come to mind), but I think it's at the very least debatable that standards of living have gone down.
[1]Scott Alexander has a very interesting blog post on the phenomenon of "cost disease": https://slatestarcodex.com/2017/02/09/considerations-on-cost...
I remember buying my first tv as a married couple around 2007. We were still in undergrad and quite poor, but saved up and bought a 32” HDTV from Walmart for like $400.
Fast forward to today and you can get a 65” 4K tv from Best Buy for that same price [0]. Is it a good tv? No clue. But in 2007 a 32” tv seemed huge....