- boomers like classic sports and muscle cars. They feel nostalgia towards them because those are the cars high school and college kids used to actually drive
- people who are looking for affordable cars buy used. That market has evaporated. I remember in the late 90s-2000s the newspaper had a junker section where you could get cars (that started) for $100. Imagine what you could get for $2000
- when inflation goes up you lose savings and don’t necessarily get a corresponding wage increase. So just saying it’s equal according to inflation does not mean it’s equal in terms of work hours or job training requirements
I have been thinking more about that recently. It’s very strange we convinced ourselves we were being economically efficient while destroying productive resources.
Not everyone was convinced -- it was pretty transparently
1) a subsidy to the car industry
2) an effort to hasten the proliferation of in-car surveillance tech
- people who are looking for affordable cars buy used. That market has evaporated. I remember in the late 90s-2000s the newspaper had a junker section where you could get cars (that started) for $100. Imagine what you could get for $2000
- when inflation goes up you lose savings and don’t necessarily get a corresponding wage increase. So just saying it’s equal according to inflation does not mean it’s equal in terms of work hours or job training requirements