Home appliance cost in hours
On 3/9/2016 6:32 AM, Dean Hoffman wrote:
This is from the Carpe Diem site written by Mark J.
Perry. Manufacturing workers can now buy 11 appliances
with 152 hours of labor what used to cost them 886 hours
of labor back in 1959.
No doubt because the labor costs involved in MAKING them have
moved to "cheaper markets"?
I wonder what the same chart would look like for the Chinese market?
I'd also like to see the annualized TCO to indicate what the
REAL costs of each item happen to be. I see a LOT of stuff
binned that sure doesn't LOOK very old/worn!
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