Unfortunately it’s more fundamental than that.
Almost all the stuff on the bottom went down in cost due to increased automation and offshoring.
Meanwhile, the stuff on top is domestic labor intensive.

Joseph Brown
@heresyfinancial
01-26
Whoever is in charge of TV prices should be put in charge of healthcare, education, and housing prices

I came, I saw
Every category on that list increased in price less than money supply per capita since the year 2000.
They all got more efficient (the blue lines more-so than the red lines), but money printing offset all of them to various degrees.

Markets are captured & distorted for the top 5, and then housing is mostly due to monetary debasement.
Hard to argue labour costs when they haven't kept up.
This chart holds true for every country globally. Moore’s law is exponential, and not all things are subject to it equally.
Some countries can toggle the variables a bit based on their regulations, but the spectrum holds.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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