Working for Sears Goods / Inflation Before and After
Café Hayek has a little list of calculations on how much consumer goods cost now, as compard to how much they cost in 1975.
A ½-horsepower garbage disposer: 20.52 hours of work required in 1975; 4.59 hours of work required in 2006.
Sears lowest-priced garage-door opener: 20.1 hours of work required in 1975 (to buy a ¼-horsepower opener); 8.57 hours of work required in 2006 (to buy a ½-horsepower opener; Sears no longer sells garage-door openers with less than ½-horsepower.)
Sears highest-priced work boots: 11.49 hours of work required in 1975; 8.26 hours of work required in 2006.
One gallon of Sears Best interior latex paint: 2.4 hours of work required in 1975; 1.84 hours of work required in 2006. (Actually, Sears sells no paint on-line, so the price I got for a premium gallon of interior latex paint is from Restoration Hardware.)
The excellent blog Tu Ne Cede Malis gives us this wonderful graph. This is your savings without a central bank. These are your savings after a central bank. Any questions ? (click for bigger image)
2 comments:
Francois,
Did you notice how the text of the blog entries is now appearing below the sidebar? I think either a link or image or something in one of these posts is too big so it automatically puts it below the sidebar stuff.
Is this happening when you view it in your browser? it is in mine, and Im using IE.
By the way dont ask me to switch to Mozilla or Firefox to fix the problem. I dont have that option at work ;)
I don't see any problem here on Firefox. It must be that graph. I'll reduce it.
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