Almost nobody appreciates how expensive clothes used to be, even as “late” as 200 years ago. A shirt was once thousands of hours of labor; scarcity logic flows directly from that. The shirt you can buy at Walmart for ~$2 is a superior artifact along most product dimensions.https://twitter.com/morganhousel/status/1260287299213864960 …
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Here’s a single citation for you: we had a Navy in 1808, right? Uniform for someone serving it: $25 plus $10 for the overcoat. Wages for a senior enlisted man: $8. Per month.
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Replying to @patio11
So the whole ensemble worked out to 700 man-hours, not thousands.
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Replying to @blahblahblah9tn
That was post industrial revolution. Pre- it was many thousands of hours in e.g. thread spinning, etc. Point of anecdote is that industrial revolution brought costs down by a shedload but they’re still inconceivable to us in 2020.
7:44 PM - 12 May 2020
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