This is a good point - some of what we are calling cheap crap just wasn't being made before.
Besides there being more stuff of every type of buy, the purchasing power of the dollar has declined, so maybe people can't afford a toaster that's as good any more?
Besides there being more stuff of every type of buy, the purchasing power of the dollar has declined, so maybe people can't afford a toaster that's as good any more?
https://fred.stlouisfed.org/series/CUUR0000SA0R
I guess you'd have to multiply this by whatever the average wage was for each year.