There's also the factor of our fiat currencies losing their value, forcing corporations to turn to cheap labor, low-quality parts, and inferior manufacturing processes just to allow average folks to be able to afford the things we used to buy. My parents' first dishwasher lasted 20 years before it died. In the last 20 years, I've been through 5 dishwashers and the one I have now is crap but I can't really afford to replace it, despite earning a supposedly decent wage.
For decades they've been hiding inflation (i.e., depreciating fiat currencies) by making products cheaper to produce, from agricultural products to appliances to clothing to you-name-it. Companies and governments have to let China take over manufacturing to hide the reality of our increasingly worthless currency. We simply can't afford to keep making stuff the same quality here at home the way we used to.
But we're told inflation was being kept at 2% (prior to Biden). It was an illusion. Sure the prices only went up a little, but the quality for the money kept going down, down, down.
There's also the factor of our fiat currencies losing their value, forcing corporations to turn to cheap labor, low-quality parts, and inferior manufacturing processes just to allow average folks to be able to afford the things we used to buy. My parents' first dishwasher lasted 20 years before it died. In the last 20 years, I've been through 5 dishwashers and the one I have now is crap but I can't really afford to replace it, despite earning a supposedly decent wage.
For decades they've been hiding inflation (i.e., depreciating fiat currencies) by making products cheaper to produce, from agricultural products to appliances to clothing to you-name-it. Companies and governments have to let China take over manufacturing to hide the reality of our increasingly worthless currency. We simply can't afford to keep making stuff the same quality here at home the way we used to.
But we're told inflation was being kept at 2% (prior to Biden). It was an illusion. Sure the prices only went up a little, but the quality for the money kept going down, down, down.