Charted: Here's how US goods and services have changed in price since 2000 Since the start of the 21st century, US consumers have seen a divergence of price movements across various categories. Here are some of the major changes. https://lnkd.in/euHwucH7
4,622 203 Comments
Abhisweta Bhattacharjee
Curious about brain and behavior? Me too.
As a layman, what jumped out at me was how factors that build up a society (healthcare, education) have become about 200% more expensive while aspects of entertainment and distraction have gotten 100% cheaper. I also read the comments and was informed by how the services with a price hike are controlled by the government while those with a drop are private. What the government chooses to control and privatize is a strategic plan, and who can guarantee that it is not on purpose that education and healthcare are increasingly inaccessible vs entertainment services? It is said that a distracted public will not bother about real problems...
North Texas Region Managing Director at DECorp
I'll assume this is not the intended take of the World Economic Forum, but as some have alluded to below, this reflects price changes proportionate to the level of central government involvement. From this chart, it appears the Affordable Healthcare Act did absolutely nothing to bend the curve of healthcare. Is this an example of President Reagan's statement that some of the most terrifying words in the English language are: I'm from the government and I'm here to help. As far as tv's go, I have the choice of 100s of stores and dozens of brands, and the choice to buy or not if tv's price growth matched healthcare. Healthcare, I only have the choice of what the government, insurance provider, and my employer have negotiated for "my benefit." To provide a bit of a counter, this also shows products are becoming cheaper, where services are more expensive.
Miguel CAMACHO
Trainer at Stucki Leadership and Team Development AG. / Managing Director at Axonica Consulting
It really is ridiculous how the US as a society has made it easier to become increasingly idiotic: tv, toys, and mobile services, which are mostly a luxury, a non-fundamental need for the majority of people, are cheaper. But health and education, two fundamental services, have only got more and more elitist and exclusive, without thinking about food, housing, and childcare. This is the perfect picture of a society that has its values all upside down.
You should add the increase in average nominal wages to this graph, to give a true picture of what people can afford
Education and health are skyrocketing, information processing is falling, I wonder where the weaponry would be about?
So all things people don't really need became cheaper while all things people rely on skyrocketed :-)
Dario Dallefrate, MBA
Bringing high-tech products to market | SaaS | B2B | B2D
1w
🤔 This chart is quite logical! In a free market system like the one in the US, the forces of supply and demand drive pricing decisions, and products that are highly valued by customers are able to command higher prices due to the greater demand for them. At the end of the day, getting better is way more important than watching TV all day. Sure, we can sit and chat about whether the system is fair or not.
Master's student at Technical University of Denmark | Sustainability | Life Cycle Assessment | Solid Waste Management | Chemicals Risk Assessment | Modeling | Remote Sensing | Civil Engineering |
1w
Sad to see that basic need like health and education are the one that has gone up :(
Like
Healthcare and Education need disruptive innovations
Like
See more comments
To view or add a comment, sign in