The Price of Life

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Among the most pervasive changes of the past 60 years has been the cost of living. No costs or salaries could remain static during six decades of capitalism, as saw the beginning of the removal of wartime wage and price controls.

Life Your Life for 1/2 the Price

Major economic growth ensued, aided and abetted by technology innovations that continue to transform society. The figures below represent the average costs of U.

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But, while many prices rose considerably, salaries often increased to a greater degree during that period, so individuals had much greater relative earning power. And, if inflation is factored in, the cost of some commodities actually dropped over time.

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Still, some of the numbers offer an interesting contrast:. First-Class U.

One-Year Tuition at Harvard. Gallon of Gasoline. Loaf of White Bread.

RM4,400 is the price of human life in the Philippines

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      From Ben Franklin to Slavery to Reaganomics, Our Habit of Measuring Everything in Dollars and Cents

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