Mar Retweeted Cato Institute
this specific example is for the chimps but there is a deeper truth here: the ever decreasing cost of technology is the only thing preventing western countries from qualifying as failed states.https://mobile.twitter.com/CatoInstitute/status/1009292766793302017 …
Mar added,
Cato InstituteVerified account @CatoInstitute
A worker on the average wage had to work 508 hours to buy a 15" color TV in 1954. In 2014, they needed to work only 7.8 hours to buy a 50" high-definition TV, a far better product. That's a price reduction of 98.5%. Explore other price changes over time: http://j.mp/2JB795Z pic.twitter.com/6sN2C05T9B
11:45 AM - 21 Jun 2018
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