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07 dec 2015
Blenders are no exception to the trend of prices falling when markets are allowed to work.
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Blenders Cost Considerably Less than in 1979
By Chelsea Follett
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Continuing our series on how just about everything is "on sale" when compared to 1979, let us consider a fourteen speed blender. If we measure price by the time it takes an average worker to earn enough to buy one, then blenders cost less today than in 1979—just like grillskitchen ranges, and many other material goods. In other words, blenders are no exception to the trend of prices falling when markets are allowed to work. 


 

Chelsea Follett is the managing editor of HumanProgress.org.

Topics Cost of Living/Cost of Material Goods/Cost of Technology/Food Consumption/Personal Income/Workforce Hours/Wealth & Poverty/Economic Growth
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