Car Prices

4/21/2019

mike

4/22/2019 02:01:21 pm

note quite apples to apples as today's cars have lots of bells and whistles...many questionable...you can get a new car for $15K, I think...what is really hurting the average households budget is all the new stuff we need since the old days, electronic devices and phone, cable, internet subscriptions, etc.

Have a great day Sir!

Dave Simon link

4/22/2019 02:27:34 pm

Very true that it is not apples to apples. And that is a chunk of the price. One could argue, you don't want or need a lot of those bells or whistles, but it's gotten to the point where if all the cars have them, you can't get a less expensive model.

Jim Luschen

4/22/2019 02:22:42 pm

Dave, you shouldn't be surprised. Economic disparity is growing, and people/companies are adapting as a result.

It's shocking, but:
https://www.theguardian.com/business/2019/jan/21/world-26-richest-people-own-as-much-as-poorest-50-per-cent-oxfam-report

So now we see commercials on TV that could never exist back in the day. For instance, I saw a commercial for a charter airplane service, aimed squarely at the new class of super-rich so they can go on vacation without the hassle of commercial airlines. I admit it was on Bloomberg TV, where rich people watch their portfolios grow, but still...

Then for their younger elite trust-fund spawn, Southwest Airlines advertises that they should stop binge watching TV shows all week long (what, you have no job to go to?) and instead leave that darkened living room to fly off to Nashville and see what actual people are doing with their lives.

And Christmastime brings the car commercials where there are matching his and hers Land Cruisers in the driveway with bows on them. And Lexuses. And so on...

Corporations pander to the ultra-rich now because there are quite a few of them, and because average people have no money. It will get worse, watch for it.

Dave Simon link

4/22/2019 02:29:18 pm

Totally with you, Jim. Why do you think I picked 40 years as my barometer to go back? Because the schism you mention has gotten exponentially worse the last 40 years. The upper two percenters and the rest of us. I foresee a lot more collective action by disenfranchised workers in the coming years to ensure living wages.

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