lets be fair about this folks... ANY standard home 100 years ago was vastly more simple than the complexity of homes today. back then... most only had one bathroom and minimal outlets... minimal lighting... minimal plumbing... modern homes are loaded with all that stuff and technology galore... recessed lighting everywhere... way more intensive construction to retain as much heat/cooling as possible... homes are generally more useable today than years ago. automobiles are no different.... vastly more complex than cars even 30 years ago. but the value of the dollar did take a massive decline over what it was 100 years ago.... just not quite as bad... lets compare apples to apples, shall we??
True, but the productivity of labor was much smaller in those days. It cost much more, in labor, to build a house in 1929.
As time goes by, the efficiency of labor, (higher productivity of labor), improves and pretty much offsets the increase in complexity.
Just look at flat screen TVs. In 2000, my 55" plasma cost $5500. Today a superior, more complex, 55" LCD can be had for under $500, not even considering inflation from 2000 to 2024.
lets be fair about this folks... ANY standard home 100 years ago was vastly more simple than the complexity of homes today. back then... most only had one bathroom and minimal outlets... minimal lighting... minimal plumbing... modern homes are loaded with all that stuff and technology galore... recessed lighting everywhere... way more intensive construction to retain as much heat/cooling as possible... homes are generally more useable today than years ago. automobiles are no different.... vastly more complex than cars even 30 years ago. but the value of the dollar did take a massive decline over what it was 100 years ago.... just not quite as bad... lets compare apples to apples, shall we??
True, but the productivity of labor was much smaller in those days. It cost much more, in labor, to build a house in 1929. As time goes by, the efficiency of labor, (higher productivity of labor), improves and pretty much offsets the increase in complexity. Just look at flat screen TVs. In 2000, my 55" plasma cost $5500. Today a superior, more complex, 55" LCD can be had for under $500, not even considering inflation from 2000 to 2024.