J
joinerjohn
The basic problem with Joe's theory is , that whilst manufacturing costs go down via lower wages, the actual cost of things we buy in the shops go up.
Just because something can be made cheaper doesn't mean the price will drop. everything is dependant on OIL.
This drives the market. Oil goes up in price,, everything goes up in price. A loaf of bread is delivered to Asda at a cost of lets say, 2p. Three weeks later the cost of fuel for the lorry has gone up, what happens to the price of the loaf?? It goes up.
The only thing that's actually getting cheaper in relative terms is technology. But of course, that's something we can't eat. A top of the range computer would have cost £1000 5 yrs ago. Relatively speaking a computer nowadays that could outperform the best one 5 yrs ago would cost £700.
An analogy here...The computer on Apollo Eleven cost Nasa hundreds of thousands of dollars, yet nowadays we have mobile phones that have more computing power in them than Apollo 11's computers could ever have and they cost us less than £100.
The graphics card in my own pile of silicon probably has more computing power than all of the Apollo flights linked together,, and that's just one part of my comp.
Anyway, in the not too distant future, oil is going to become scarcer and scarcer. What's going to happen then?? I dread to think. Prices will go up.
Let's hope Chancellor Joe has a plan.
Just because something can be made cheaper doesn't mean the price will drop. everything is dependant on OIL.
This drives the market. Oil goes up in price,, everything goes up in price. A loaf of bread is delivered to Asda at a cost of lets say, 2p. Three weeks later the cost of fuel for the lorry has gone up, what happens to the price of the loaf?? It goes up.
The only thing that's actually getting cheaper in relative terms is technology. But of course, that's something we can't eat. A top of the range computer would have cost £1000 5 yrs ago. Relatively speaking a computer nowadays that could outperform the best one 5 yrs ago would cost £700.
An analogy here...The computer on Apollo Eleven cost Nasa hundreds of thousands of dollars, yet nowadays we have mobile phones that have more computing power in them than Apollo 11's computers could ever have and they cost us less than £100.
The graphics card in my own pile of silicon probably has more computing power than all of the Apollo flights linked together,, and that's just one part of my comp.
Anyway, in the not too distant future, oil is going to become scarcer and scarcer. What's going to happen then?? I dread to think. Prices will go up.
Let's hope Chancellor Joe has a plan.