Who is the most money grubbing console maker in the industry?

[maxleresistant]

sc94597 said:

maxleresistant said:

Inflation doesn't factor in a lot of important things. I could argue that at the same time, the price of tablets went down a lot, and so did components and manufacturing.

And that while the dollar went up 20%, the average salary clearly didn't, meaning that for the average consumer, 250 in 2006 was still cheaper than 299 in 2016.

So please, stop using that biased argument of the  inflation. It's just a cold and number, reality is different. 

The equilibrium prices of  a particular good have nothing to do with inflation. Inflation is caused by the expansion of the money-supply (the value of the dollar and its purchasing power decreases.) That any set of similar goods might decrease in nominal price over time doesn't discount that the real value of the dollar is less than it was, because there are more of them in supply. When you spend dollars you are inducing an opportunity cost from not being able to spend that money on a composite good. So yes, inflation does  matter, even if the prices of electronics are decreasing. Money doesn't have a different value just because you are buying electronics.

Also real median income (meaning it is inflation adjusted) is almost back to 2007 levels (where it peaked) and is well above 2008 levels  (when the Wii was still being sold for $250 AND the great recession started.)

https://fred.stlouisfed.org/series/MEHOINUSA672N

Ok then, thank you for these arguments that are proving my point.