[wongarsu]

Also the industrial revolution happened, which massively drove down the cost of things. Nothing comparable happened for experiences. A restaurant today needs a similar amount of labor to make your meal as a tavern did 400 years ago. Their ingredient costs went down, but waiters and cooks do about the same amount of work, and property values haven't gone down. Meanwhile the amount of work to make a knife has been drastically slashed through technological progress.

[j7ake]

There was some story once that a quality handmade tailored suit costs about the same amount of gold centuries ago compared to today.

Would love to see this fact checked.

[ajb]

Given the volatility of gold prices, you can just pick a date when that was true.

[j7ake]

You could, but then that would be bad analysis.

A more reasonable approach is a linear model.

[ajb]

True. If I had to, though, I'd bet that the article didn't do that.

[j7ake]

Here is house to gold ratio: trend is surprisingly cyclicle

https://www.longtermtrends.net/real-estate-gold-ratio/

[johnnyanmac]

>Nothing comparable happened for experiences.

it kind of did. Fast food sacrificed the experience for the core consumption. Then you have chain restaurants like Denny's that exist to give the bare minimum "experience" without throwing it all away like modern drive-thrus.

Did they cut down enough to eliminate fine dining? Doesn't look like it. But I haven't done a deep dive into the ecnonomics of that. Just general wisdom that food as a business has always operated on razor thin margins.

[nradov]

There was fast food 2000 years ago with no real "experience". Nothing has changed in that regard.

https://www.bbc.com/news/world-europe-55454717

[lukas099]

> Fast food sacrificed the experience for the core consumption

Going to fast food restaurants is a social outing for a lot of people. McDonald's is one of the best hangout spots, really.

[antifa]

By 2032, that era will be over. https://www.restaurantdive.com/news/mcdonalds-will-remove-se...

[lukas099]

I'm not 100% sure that not being able to refill your own soda will kill it, but I suppose it might.

[antifa]

Combine that with the loss of the dollar menu, it's dead for me. The competition is great.

[pas]

environmental awareness, map of the whole world in your pocket, ebooks, 20Ah power banks, good thermal clothing, good cars

skiing/snowboarding, surfing, slacklining (highlining), biking, motorcycling

cinema, 4K/HDR, IMAX, streaming, youtube, single multi tabletop gaming, VR/AR/geocaching

music, festivals, amazing sound quality, headphones

psychedelics

sex (toys, porn, acceptance)

...

ordering basically any kind of AMAZING food for ridiculously cheap in most big cities.

[kridsdale3]

The equivalent to the industrial revolution's impact on material goods pricing, in the domain of labor, did happen. It was slavery. Clearly, that did not persist.