you've grown so accustomed to modern conveniences that you don't realize that you're kept alive by things that not even a king could've afforded 100 years ago.
Yes, when everything becomes cheaper we can pursue greater technology. Having a 5GHz computer would have been impossible some decades ago; now they can be used for scientific research by anyone who has $500.
Ultimately price is just a measurement of how many resources it takes to make something, with the currency added in as the medium of exchange. A product being cheap means it is now easy for us to make; the previous price of the now-cheap product will be taken up by a better product.
sigstoat|6 years ago
https://www.washingtonpost.com/news/wonk/wp/2017/06/26/the-a...
the_pwner224|6 years ago
Ultimately price is just a measurement of how many resources it takes to make something, with the currency added in as the medium of exchange. A product being cheap means it is now easy for us to make; the previous price of the now-cheap product will be taken up by a better product.
Dylan16807|6 years ago
Applejinx|6 years ago
harryh|6 years ago