I think prices for some things have gone down, while things for other things have gone up. I remember my dad buying a super VHS for $1,100 back in 1985. Electronics like TVs, CD players, Walkmans, and video games were way more expensive in the 80s than they are now (comparatively). You also have people spending a ton of money on music and movie mediums (cassettes, CDs, tapes, etc).
Nowadays, you have consumable media that is way is way cheaper (and free if you pirate off the internet). The money people use for entertainment has shifted from one form of medium to another, and hence why more people are willing to pay higher prices for things like sports, concerts, and shows.
That's what I think anyways. I don't have any scientific data to back it up.
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