June 6, 2023

News Cymru

Two sides to every headline

YouTube Comments – Are Things Cheaper or More Expensive Than They Were?

I left a comment on this video


and here are some of the replies I got

living standards increase so do the costs, it is cheaper then ever before to live a modest life, which very few in the US actually live.

Joeziah XXXX in reply to 8TheManWithNoXXXX (Show the comment) 3 days ago

please give an actual example of life being cheaper now than 30 years ago

independence4wales in reply to Joeziah XXXX (Show the comment) 1 day ago

watch?v=W8SLIt7xZxU This video is called “Is the Cost of Living Really Rising?”
It mentions how in terms of hours of labour goods and services are cheaper in almost every category.

– this is the video linked to httpv://www.youtube.com/watch?v=W8SLIt7xZxU

CastleXXXX in reply to independence4wales (Show the comment) 1 day ago

Hi, thank you for taking the time to come up with an answer.

However the video does not deal with the cost of products. It talks about labour hours. I think you will agree that labour hours are a small percentage of the actual cost of something. For example, if you live in Europe you pay minimum 50% of your labour in taxes so straight away the video is ignoring a huge cost. Also materials, energy costs etc need to be taken…. visit the link on my feed to the rest of the answer, no room here!

continued from YouTube

into consideration.  If we look at the price of Coca Cola in 1983 compared to today it is almost 4 time as expensive in terms of Gold. We have to look at prices in terms of Gold to adjust for inflation.

So even something as simple as Coca Cola in the last 30 years is much more expensive. 



independence4wales in reply to CastleXXXX 1 second ago

Everything has gotten significantly cheaper despite inflation, if you need examples of things either not going up in price or actually decreasing DESPITE a average 5% inflation…then you must not live in this country.

Joeziah XXXX in reply to independence4wales (Show the comment) 1 day ago

As I thought, you cannot give a single example. Let me help you, electronics, anything else that is cheaper?
independence4wales in reply to Joeziah Babb 1 second ago

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