I have only 1 Dire Straits CD (no not that one!) & 4 of their studio LPs so jumped at the chance of purchasing the new 6 box studio CD set for a few pence over £15. I was going to buy from Amazon but saw the same set in my local HMV for just 50p more so I purchased from them.
The point is the first CDs in 1982 or so, & for many years after, were about £15 each. I was then earning close to the national UK average salary which is now about 7 times more. If my maths is correct the 6 CD set, if prices had risen 7 fold, should have cost £630 (15x6x7). I probably would have passed on the purchase!
How have prices fallen by such a colossal amount compared with other consumer non-essential goods? I assume the record company aren’t selling the set at a loss?
For comparison, my company car in 1982 was £2,500 & todays comparable model would be around £15/18,000 so very little change over time. My first Naim amp (32.5/Hi Cap/140) was about £1,500 when my salary was about 25% of the current national average. My current Nova & Core were £6,000 so again, no great change when compared to average earnings.
Anyone have any thoughts/insights?
I particularly wondered if @TheKevster would have any opinion as he seems to be involved with the record business.