Shadow1980 said:
irstupid said: I always hate "inflation" arguments. $300 today still feels like a lot of money, just as it did 10 years ago to me. And I made a lot, a lot less money back then. (less expenses sure, but still even accounting that, a lot less free spending money than I do now) But you know, I suck it up and pay it. I know I will be buying at least 10+ games and it will be worth it. Same reason though, I don't have a PS4 though. Could I afford one? Yes, but I don't see 10+ games out or coming out that I want. Only a few, and a few is not worth the $300+ sticker price to me. Only got a One S for the 4k player.
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Inflation is still important. A dollar simply has less purchasing power than it used to. And people do, or at least should, have an understanding that a dollar just doesn't go as far these days. Yeah, $300 is a lot of money even today, but if you go back 20-30 years, $300 would have likely been perceived by most as a lot more than it is today. I mean, back when the SNES launched a job making $10/hour was considered pretty decent, but the equivalent wage today would be nearly $18/hour. I would think most people at any given point in history would know what's generally considered a "good" income. Today, minimum wage is $7.25/hour, but $7.25/hour when my father was my age was over double the then-current minimum wage. $200 per week for food for a family of four would have been considered outrageous in the 80s, as would $25k for a new sedan, or $300 for a power bill. And $300 would have been unthinkable for an 8-bit or 16-bit console. The Neo-Geo cost at minimum $400 at launch, which is normal today but was absolutely eye-poppingly outrageous in 1991 (those $200 games didn't help matters, either).
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Brining up standard of living the U.S. is another topic I do not like. It can vary insanely from location to location. Heck, just watch HGTV. You have people in places like Texas buying practically mansions for like 200k, then you have people in New York or L.A. buying a trailer park for $1,000,000.00.
Heck, just myself I moved from one town to the next and my rent doubled while my living space got smaller. All the resaurants and bars are like 50% more expensive if not more. Where i was before, I could easily live on say $15 an hour. I can no longer live on $15 an hour.
But lets look at that. $300 console where I used to live cost more than other things, yet I had more expendable money. $300 now is a smaller price compared to other things, yet I now have less expendable money. Heck, I went to a restaurant the other weekend for just me and one other, and the bill was $130. That was for two people to eat out one night. $300 for a console that lasts for multiple years seems like a steal now. Back where I used to live, I go out and eat for two and I spend maybe $40 at a nice place. $300 sounds more expansive now comparing that. In college you could drink a dozen beers at the bar and only spend $30. IN a small town you could drink a dozen beers at the bar and spend $50. In a big city if you drink 12 beers you could be looking at a $80 bill. If someone is used to spending more money on just standard stuff, $300 doesn't sound like much. If someone is used to the opposite, $300 sounds like a lot.
So don't bring me some statistical stuff pertaining to the whole of the GIGANTIC U.S.of A. What you experience could be insanely difffernt than what I do. If I were to go to a bank to purchase a house, I might get 300k for a loan. If I lived somehwere else with the exact same job (say I'm a teacher), they might give me a $1,000,000 loan. If I lived somewhere else, they might give me a $150,000 loan. This all in the U.S., and all today. SO tell me, how does a slight inflation tell me what a $300 is to anyone when the same paying job can give out loans differing of half a million or more.
A Teacher in downtown New York may make triple what one makes in say rural kentucky, yet both are poor. But a New Yorker poor may mean they have 5k sitting in the bank, and a kentuck poor means they have 500 sitting in the bank. Which one has an easier time purchasing a $300 console?
That's why I don't like talk about inflation. When you can have varying degrees of income for the same job's depending on location that can vary 50K ore more, who cares about if some console 20 years ago cost $30 more. If this was something like Milk or bread that you buy weekly you may have a point. But this is talking about something you buy once every 5 years.