Kids react to Walkmans

Car safety used to be a little lac

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The IBM personal computer sold for $4,385 in 1981

In 1900, 25% died before age 20.

Household penetration of major electrical appliances, 1963, USA, Western Europe and Down Under

Michael Reddell stumbled across a fascinating 1965 research paper in an old bookshop. In addition to re-blogging his post, I charted the data he found on household penetration of major electrical appliances in the good old days of the regressive left when everyone was equal, in a union and happy.

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Source: New Zealand Institute of Economic Research (1965), Electric Household Durable Goods: Economic Aspects of their Manufacture in New Zealand via Twenty companies manufacturing TVs | croaking cassandra.

In the early 1960s, there were really big differences not only the number of TV sets, but much more basic appliances we take for granted such as refrigerators and washing machine.

The three indicators  in the chart above suggest that life was much better in the USA, Australia and New Zealand than in Western Europe. Television aside, New Zealand seemed to be better off than Australia.

Watch the video by Hans Rosling about what happened when a washing machine first came to his parent’s house. Truly insightful about how living standards are so much better than those of our parents and grandparents.

@BernieSanders’ good old days before the great wage stagnation

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In 1922 Princeton banned students from owning automobiles

https://twitter.com/PessimistsArc/status/696027607503106048

Creative destruction in car phones

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This @amprog lead in picture and its 1st figure about minimal improvement in living standards in 30 years just does not gel somehow

Source: When I Was Your Age | Center for American Progress.

The claim by the Centre for American progress is that despite being more educated and working in a more productive economy, 30-year-olds today barely make more than 30-year-old Baby Boomers did in 1984.

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Source: When I Was Your Age | Center for American Progress.

The good old days are now

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