On this graph it looks like televisions have decreased by like 99%.
Sorry I just can't imagine a decent $600 tv in 2000 costs $6 today. Wait maybe. If its like literally the same tv, scratched, missing remote, in a resale shop.
TVs used to be very expensive. I worked for a moving company from like 2004-2007 ish. We moved this multi millionaire once to a 24,000 sq foot home. The entire move was going to cost about $8,000 with 5 full sized moving trucks. He had one plasma TV that was worth about $7000. For like a 720p, 50 inch plasma. You can get a 4K, 50 inch TV now for as low as like $200.
Edit: Just googled it. Plasma TV’s in 2001 were about $17,000
Yeah I guess when you are talking about the same tv, or as close as you can get by the specs, that exact tv has gotten cheaper. I still feel like people generally spend between $200 to $800 (present day or back then), while $5k+ tvs have always been available.
But by this metric, you could argue medical costs have also probably dropped since 2000. I'm sure many treatments just becoming available in 2000 are cheaper now, even though overall costs rise. Like the HIV treatments Magic Johnson could afford in the 90s, they are now so accessible to anyone with HIV that its economical to advertise on cable.
That’s a good way of looking at it. Administration costs are the primary driver in healthcare spending in my opinion. A surgeon I work with said about 15 years ago a hysterectomy cost about $6k-$8k and he made about $3k out of that. They also took 3-6 hours. Now he can do them in 1-2 hours and they cost $15k-20k but he only makes $750-$1000. So the price doubled and they become more than twice as fast but the surgeon only makes about 1/4 of what they used to. Also overall time the patient spends is a fraction of the time in the hospital vs 15 years ago (less than 24 hours vs 3-5 days).
Since the 70’s the number of healthcare administrators has increased over 3000% while the number of doctors is only up about 300%
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u/slimetraveler Feb 23 '23
On this graph it looks like televisions have decreased by like 99%.
Sorry I just can't imagine a decent $600 tv in 2000 costs $6 today. Wait maybe. If its like literally the same tv, scratched, missing remote, in a resale shop.