On 10/13/13 5:44 PM, Neill Massello wrote:
Dean Hoffman " wrote:

He has ten other examples of decreasing work hours needed to buy given
items.

And concludes that everybody is getting richer, which is quite
unwarranted unless the time cost of little things like food, housing,
transportation, medical care, education, and taxes are also taken into
account. This kind of half-baked, disingenuous crap is about the only
thing AEI puts out any more. Like many of the other so-called
"conservative" or "free enterprise" organizations, it has largely become
a shill for big business.


Americans are spending less of their disposible income on food as
time goes by. I looked at the U.S. Department of Agriculture site. It
has that type of information but it is unavailable due to the "shutdown".
There is a chart he http://tinyurl.com/3yqoses
Americans spent about 23% of their disposable income in 1930. We were
spending about 9.5% of it by 2010. I wonder why the big spike in the
mid to late 1940s.
Wouldn't it be tough to compare medical costs over time? Doctors
have a bunch of new toys and techniques they didn't have in the past.