Edit: Some salty commenters here. This isn’t my graph, just one I grabbed. Notes aren’t mine.
I’m a huge proponent for inflation adjusted livable minimum wage- which should be close to $30 an hour these days. Also hugely worried about our housing cost trends.
I’m only pointing out that expecting games to cost 40-60 for life is a little silly- yall still paying $.10 for a loaf of bread? I remember when games inched from $40 to $60 and everyone lost their minds- no one complains about it anymore. Don’t wanna pay retail? Wait for sales, bundles, used copies.
Okay, but now do housing and groceries and you’ll see why people don’t have extra money laying around for another Nintendo and its Mario kart.
Economics is significantly more complicated than a bar graph of inflation-adjusted video game price tags lol. Hell, even just value of each game in their respective release time period is more complicated than that. I doubt there’s anything unique to this new game (other racing games have done the open world thing several times starting like 15 years ago), but the kart racer genre itself was new back in the 90s.
Looking up the source, they state: “At the turn of the century, a flat screen TV would cost around 17% of the median income of the time ($42,148). In the early aughts though, prices began to fall quickly. Today, a new TV will cost less than 1% of the U.S. median income ($54,132).”
So a Flat screen TV used to cost around $7165, and does now cost around $541, which is about 7.5% of the original value.
That means a deflation by 92.5%.
Edit: seems the previous line might not apply to the US because insanity.
The real issue is that inflation only accounts hire much more things cost, but not the trend on salaries. If salaries and costs follow the same slope, you’re “even”. The problem is when costs increase at a faster rate than income.
Edit: these notes have been addressed in OP’s post
Note: Salary growth has outpaced inflation.
You know what else has outpaced inflation? The cost of living. Purchasing power for middle and lower class people is far less than what it used to be. “Inflation” doesn’t account for that.
The cost ceiling for AAA games has increased, but no I’d say considering advancements in game engines and the power of personal computers the floor has never been cheaper (1 person can make a game in their free time for $0, even 3D).
If any were to embrace the lower-end(/minimalism, proven older techniques) you’d think it’d be this company, but now their releases are “only” 10-20GiB.
There’s no reason the market has to do that. We’ve all collectively decided that every generation should have MORE, but the best games I’ve played in recent years are done by small teams looking to provide a good experience in a somewhat limited package.
Nintendo games never go on sale. And if somebody buys a Switch game, dumps the ROM, and sells it to you, your Nintendo account gets banned because the ID in the header matches the one being distributed over the Internet.
The thing that graph doesn’t take into account is barely anyone paid full price for those older games. Games used to lower prices to increase sales volume and those sale prices are significantly less than $80 even accounting for inflation.
This doesn’t mean anything. Something only has as much value as the customer is willing to pay. People don’t want to pay more than $60 for most new games being released today and companies need to accept that.
Fuck what it cost years ago.
Same goes for everything else. You could make the same argument for cars and trucks which are now reaching $50k USD for base features. Still doesn’t matter. Still overpriced.
Let’s talk about what we’ve lost too. Games used to come as a complete edition. Now you get the game and it’s unplayable on the first day without an update and even then still has features broke, waiting for an update weeks or months later. Not to mention DLC.
Edit: Some salty commenters here. This isn’t my graph, just one I grabbed. Notes aren’t mine.
I’m a huge proponent for inflation adjusted livable minimum wage- which should be close to $30 an hour these days. Also hugely worried about our housing cost trends.
I’m only pointing out that expecting games to cost 40-60 for life is a little silly- yall still paying $.10 for a loaf of bread? I remember when games inched from $40 to $60 and everyone lost their minds- no one complains about it anymore. Don’t wanna pay retail? Wait for sales, bundles, used copies.
Okay, but now do housing and groceries and you’ll see why people don’t have extra money laying around for another Nintendo and its Mario kart.
Economics is significantly more complicated than a bar graph of inflation-adjusted video game price tags lol. Hell, even just value of each game in their respective release time period is more complicated than that. I doubt there’s anything unique to this new game (other racing games have done the open world thing several times starting like 15 years ago), but the kart racer genre itself was new back in the 90s.
This is a valuable way of seeing how prices have changed in different ways for different categories, just since 2000.
Why are TV’s listed as “100% cheaper”? I’m a little confused about that number.
Looking up the source, they state: “At the turn of the century, a flat screen TV would cost around 17% of the median income of the time ($42,148). In the early aughts though, prices began to fall quickly. Today, a new TV will cost less than 1% of the U.S. median income ($54,132).”
So a Flat screen TV used to cost around $7165, and does now cost around $541, which is about 7.5% of the original value. That means a deflation by 92.5%.
Okay. So, they won’t buy one then.
Yeah, people don’t make enough money, I agree.
In fairness here, it’s not Nintendo’s fault we let landlords gobble up all our spare money.
Maybe they need to send Luigi to have a word.
Housing and groceries are part of the inflation…
Edit: seems the previous line might not apply to the US because insanity.
The real issue is that inflation only accounts hire much more things cost, but not the trend on salaries. If salaries and costs follow the same slope, you’re “even”. The problem is when costs increase at a faster rate than income.
Edit: these notes have been addressed in OP’s post
You know what else has outpaced inflation? The cost of living. Purchasing power for middle and lower class people is far less than what it used to be. “Inflation” doesn’t account for that.
But isn’t it easier if I just ignore the nuance of economics and just place all the blame for my unhappiness on corporate greed?
I think it’d also be interesting to see the total production cost of each Mario Kart, and a total sales/revenue generated by each game.
Games are also much easier to distribute now than they ever where, saving cost.
True- but they cost like 1000x more to develop too.
The cost ceiling for AAA games has increased, but no I’d say considering advancements in game engines and the power of personal computers the floor has never been cheaper (1 person can make a game in their free time for $0, even 3D).
If any were to embrace the lower-end(/minimalism, proven older techniques) you’d think it’d be this company, but now their releases are “only” 10-20GiB.
There’s no reason the market has to do that. We’ve all collectively decided that every generation should have MORE, but the best games I’ve played in recent years are done by small teams looking to provide a good experience in a somewhat limited package.
Maybe not 1000x more, but that’s fair too.
To your edit: Exactly! The only problematic trend I see is that physical copies are getting more scrace.
Nintendo games never go on sale. And if somebody buys a Switch game, dumps the ROM, and sells it to you, your Nintendo account gets banned because the ID in the header matches the one being distributed over the Internet.
I don’t see Diddy Kong Racing on there which is really the only one you need anyway.
Diddy Kong Racing is the GOAT
The thing that graph doesn’t take into account is barely anyone paid full price for those older games. Games used to lower prices to increase sales volume and those sale prices are significantly less than $80 even accounting for inflation.
This doesn’t mean anything. Something only has as much value as the customer is willing to pay. People don’t want to pay more than $60 for most new games being released today and companies need to accept that.
Fuck what it cost years ago.
Same goes for everything else. You could make the same argument for cars and trucks which are now reaching $50k USD for base features. Still doesn’t matter. Still overpriced.
Let’s talk about what we’ve lost too. Games used to come as a complete edition. Now you get the game and it’s unplayable on the first day without an update and even then still has features broke, waiting for an update weeks or months later. Not to mention DLC.