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by littlestymaar
1488 days ago
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> Staple foods might cost 25% more, but hey, those TVs are down 20%, so yay! It's even worse than that because most of the time the TV price don't really goes down by 20%, but by 3% and hedonic adjustment makes it appear as if it went down by 20% in CPI because some people estimated that going from HD to 4K increased the value by 17% … That's how we get figures saying that computers cost 20 times less than what they used to be when in reality it costs a little less than 2 times less. |
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Can't you buy old PCs for 20 times less than a (second-hand) modern PC?
I bet this Pentium 4 desktop cost around NZ$2000 new: https://www.trademe.co.nz/a/marketplace/computers/desktops/n... but now it's going for NZ$100.