Okay...for those who may have not been in a college econ class. There's the real value of something, which is based on the buying power...i.e. a dollar isn't worth anything by itself, it's only worth what it can buy. Because of things out of our control (like minimum wage, oil prices, etc) prices go up but the real value stays the same.
What I ran across today, was a comparisson of the price point of the nintendo Wii, compared with the previous nintendo systems and then adjusted for inflation. This is what the systems were priced at, and what they are worth in today's dollars:
NES originally $200 then = $325 today
SNES originally $200 then = $282 today
N64 originally $200 then = $243 today (No Game Included!)
Gamecube orignally $200 then = $217 today (No Game Included!)
Isn't that interesting? So the Wii is really only marginally more expensive than the N64 more expensive than the GameCube. Considering the level of inovation and therefore R&D costs for the product as compared to something like the GameCube, we're gettin' a steal.
Jon
What I ran across today, was a comparisson of the price point of the nintendo Wii, compared with the previous nintendo systems and then adjusted for inflation. This is what the systems were priced at, and what they are worth in today's dollars:
NES originally $200 then = $325 today
SNES originally $200 then = $282 today
N64 originally $200 then = $243 today (No Game Included!)
Gamecube orignally $200 then = $217 today (No Game Included!)
Isn't that interesting? So the Wii is really only marginally more expensive than the N64 more expensive than the GameCube. Considering the level of inovation and therefore R&D costs for the product as compared to something like the GameCube, we're gettin' a steal.
Jon