Quality Boosts in Sports Collectibles

Source: American Institute for Economic Research
by Art Carden

“There are good reasons to be skeptical of the claim that the average person is no better off than they were a generation ago. First, the ‘average person’ is not the same flesh-and-blood human being from generation to generation. My father earned a lot more when he retired in the 2010s than when he started out in the 1970s. However, the ‘average person’ rhetoric gives the impression that his standard of living didn’t change over forty years after adjusting for inflation. … Comparisons between 2024 and 2023 aren’t that difficult, but largely due to changes in quality, we have to be cautious comparing 2024 to 1974. Maybe they don’t make some things like they used to, but other things are unambiguously better. Consider baseball cards and other sports collectibles.” (04/03/24)