It’s not hard to find examples of products where prices have gone down. Prices for literally all electronic goods have been decreasing for a long time, for example.
I’m not sure how you’ve decided to arbitrarily normalize “performance” but normal people are experiencing price drops in many categories. Here’s a bunch of other stuff that has dropped in price. Lots of things have been commoditized and benefited from economies of scale, leading to lower prices over time.
It’s not hard to find examples of products where prices have gone down. Prices for literally all electronic goods have been decreasing for a long time, for example.
Price for performance in electronics has gone down: the end device has only gone up.
I’m not sure how you’ve decided to arbitrarily normalize “performance” but normal people are experiencing price drops in many categories. Here’s a bunch of other stuff that has dropped in price. Lots of things have been commoditized and benefited from economies of scale, leading to lower prices over time.
https://www.aei.org/carpe-diem/chart-of-the-day-or-century-7/