Thursday, October 29, 2009

A perspective on prices

Many people complain about the cost of postage, claiming it has risen way out of proportion to anything else. Let's do some simple arithmetic to check this.

Postage: was 3 cents, now 44 cents - 14-2/3 times as much

Daily newspaper: was 5 cents, now 75 cents - 15 times as much (and in Duluth half as much stuff to read)

Bus fare (Cleveland OH): was 10 cents, now $2.25 - 22-1/2 times as much (but many routes are longer)

Gasoline: was 25 cents, now $2.70 - 10.8 times as much (of course, this hasn't been adjusted for a much needed gas tax for highways)

Doctor office visit: was $5, now $100++ - 20 times or more as much

Haircut, man: was 50 cents, now $10+ - 20 times or more as much

Ice cream cone, double scoop: was 10 cents, now $3.00+ - 30 times as much

It looks like three of the prices that many people complain the most about are the best bargains!