Cable prices have been too damn high for nearly 20 years
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Title : Cable prices have been too damn high for nearly 20 years
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Title : Cable prices have been too damn high for nearly 20 years
link : Cable prices have been too damn high for nearly 20 years
news-today.world | Cable TV is undeniably expensive. With the average bundle sitting around $105, it costs substantially more than a cell plan and some people’s electricity. But it hasn’t always been this way: According to a new report from Kagan, prices have increased by 74 percent since 2000, even when accounting for inflation.
Over the same period of time, average wages have remained stagnant, meaning that cable companies are asking people to pay nearly double what they were 20 years ago for TV that seems to have twice as many reboots. No wonder everyone’s cutting the cable.
A multichannel TV package cost $60 per month in 2000 (adjusted to 2017 dollars), but the same package has risen to nearly $100 right now. Meanwhile, median wages have remained flat over that time period. It’s easy to see where the money goes: gross revenue for cable and other pay TV companies has risen by a steady 5.5 percent per year over that time period.
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Over the same period of time, average wages have remained stagnant, meaning that cable companies are asking people to pay nearly double what they were 20 years ago for TV that seems to have twice as many reboots. No wonder everyone’s cutting the cable.
A multichannel TV package cost $60 per month in 2000 (adjusted to 2017 dollars), but the same package has risen to nearly $100 right now. Meanwhile, median wages have remained flat over that time period. It’s easy to see where the money goes: gross revenue for cable and other pay TV companies has risen by a steady 5.5 percent per year over that time period.
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You are now reading the article Cable prices have been too damn high for nearly 20 years With link address https://newstoday-ok.blogspot.com/2018/05/cable-prices-have-been-too-damn-high.html