«Breaking News» Chart shows how ever-cheaper gadgets and toys kept the masses distracted

A stunning chart of U.S. inflation rates over the past two decades has shown how the prices of electronic baubles have plunged while the cost of childcare, healthcare and higher education skyrocketed.

The chart published earlier this month by economist Mark Perry for the American Enterprise Institute uses Bureau of Labor Statistics to chart inflation in several sectors between 1998 and 2018.

One pundit said of a previous version that the chart shows 'the modern equivalent of Bread and Circuses to sate the masses.'

The chart shows a huge divergence between electronic consumer goods, which are often imported, and goods and services that cannot be imported, such as healthcare and housing.

This chart shows price changes for goods and services from January 1998 to December 2018

Leading the declines in price were televisions, which dropped in price by 97 per cent.

Toys followed, dropping 74 per cent, along with software down 68 per cent and cell phone service down 53 per cent.

On the other end of the scale, many of the essentials to forming a middle-class family surged in price.

Hospital services skyrocketed 211 per cent, as college tuition and textbooks shot up 184 per cent. 

Overall, inflation was at 56 per cent, and wages were up slightly more than that at 80 per cent, indicating some growth in real wages, but not nearly enough to keep up with the fastest growing categories of inflation.

Leading the price declines were televisions, which dropped in price by 97 per cent (file photo)

Meanwhile hospital services skyrocketed 211 per cent, well above wages (file photo)

Free trade enthusiasts argue that the chart illustrates the benefits of globalism, saying that the flow of cheap toys and televisions from overseas has helped offset the quickly rising costs of healthcare and education. 

Someone on Twitter also argued that the chart demonstrates a divergence between sectors with heavy government intervention, and those with little government oversight.

'Blue lines = prices subject to free market forces Red lines = prices subject to regulatory capture by government,' the person wrote. 'Conclusion: remind me why socialism is so great again.' 

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Main photo article A stunning chart of U.S. inflation rates over the past two decades has shown how the prices of electronic baubles have plunged while the cost of childcare, healthcare and higher education skyrocketed.
The chart published earlier this month by economist Mark Perry for the American Enterprise...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves US News HienaLouca





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