The price of a laptop was approximately $2,249 in 2005, compared to a price of only a few hundred dollars in the year 2020. This phenomenon is attributed to Moore's Law. A new automobile loses value immediately after driven off the dealership lot. Why has Moore's Law not been applied to the automobile industry??
Moore's law has functioned well for many years because transistors keep getting smaller, currently around 10 nanometers. Small things are cheaper to make than larger things.
Nobody, however, wants really small cars. A car so small that you can't even see it would be useless for most people.
The Ford Model T was launched in 1908 at $ 800. When it was discontinued, with more than 15 million units produced, in 1927, its price was at $ 350. I think it was the maximum that mass production of automobiles could do to reduce prices.
Moore`s Law has been applied because it is valid. But the product content changed continuously. So now you are getting much more for a bit more money. Please consider inflation, we better should use labor time. As a result you receive now a vehicle, where you don't know 98% off the functionality hidden in computers and Software. If you keep design and increase volume - then the price drops (Dacia Effekt). If you reduce material mass and complexity the price drops (Micro Cars). On the other side we are able to buy bigger and bigger vehicles with less effort (7.5 working hours per day, 5 days a week). When Ford T was made, we had 6 working days per week and 10 working hours per day.
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