It’s Time to Shelf the Myths About Food Prices
Measure the time needed to earn the money to pay for a meal. That’s what matters.
Professor Gale L. Pooley teaches U.S. economic history at Utah Tech University. He is an adjunct scholar at the Cato Institute, a senior fellow at the Discovery Institute, and a board member of HumanProgress.org.
Measure the time needed to earn the money to pay for a meal. That’s what matters.
Marian L. Tupy, Gale L. Pooley —
Blog Post | Cost of Material Goods
Since 1990, grocery abundance has increased by 43.2 percent and pizza abundance by 285 percent for blue-collar workers. If you were upskilling, it was 186 percent for groceries and 610 percent for pizzas.
Gale L. Pooley —
Blog Post | Cost of Material Goods
Get 14.5 toys today for the price of one in 1978.
Gale L. Pooley —
Housing amenity abundance has increased significantly since 1956.
Gale L. Pooley —
Innovation has served Iceland for 1,150 years. Why change a working recipe?
Gale L. Pooley —
The time price of a Thanksgiving dinner for 10 people has dropped 45.3 percent, from 3.22 hours in 1986 to 1.76 hours today.
Gale L. Pooley —
Blog Post | Energy Consumption
Light abundance has increased by 100,435,912 percent since 1830.
Gale L. Pooley —
Compared to 1960, we can grow 250 percent more wheat on 9 percent more land, at an 85.7 percent lower time price.
Gale L. Pooley —