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PaperclipPerfector  1mo ago (text post)   2533 thread views

Small-Scale Question Sunday for April 6, 2025

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

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Forgive my ignorance: if globalization suppressed the wages of blue collar manufacturing/farming workers, why didn't it then commensurately suppress their cost of living? Naively, if the cost of labor inputs to everything made by those workers goes down, the prices of all relevant end products should go down. I get that a significant part of the cost of living crisis is housing, healthcare, and education, which are all affected by various forms of natural and artificial scarcity, but have most other goods actually gotten any more affordable than pre-globalization?

If not, where did all of the savings and productivity gains of globalization go?

If so, then is the "cost of living" crisis more accurately just a "cost of specifically housing, healthcare, and education" crisis?

These charts of food prices per hour worked in England may be of interest. Along similar lines, I happened to be reading some 100+ year old newspapers about a month ago, when egg prices reached their zenith, and I was interested to see that, correcting for inflation, eggs regularly cost more than $6.00 per dozen c. 1910–1920, which is higher than any of the highly elevated prices I saw recently.

I also recall reading in an old book of etiquette from the late 1800s that a gentleman should look to spend 2–3 months’ income when purchasing a suit. I cannot fathom spending a sixth of my annual salary on a suit today.

I also recall reading in an old book of etiquette from the late 1800s that a gentleman should look to spend 2–3 months’ income when purchasing a suit. I cannot fathom spending a sixth of my annual salary on a suit today.

Perhaps the society is truly richer or tailors are poorer. Does anyone have an idea how expensive are handmade bespoke suits? I know made-to-measure is certainly cheaper.

Taylor’s are also far more productive due to sewing machines.

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