I think what surprised me the most was how expensive things used to be. Bicycles have become 22 times more abundant today compared to 1910. In 1955 Bill Haley and the Comets’ ‘Rock Around the Clock,’ sold 3 million singles at 65 cents each. Unskilled workers at the time were earning around 97 cents an hour. This would put the time price of a song at 40 minutes. Today a student can get access to 90 million songs for $5.99 a month. Unskilled workers are earning around $14.53 an hour, so the time price is around 25 minutes. In 1955 it was 40 minutes for one song versus 25 minutes for 10,800 today (assuming 4 minutes per song and continuous streaming).
This abundance has occurred at the same time population is increasing. Once you start thinking is time instead of money, you will be astonished at the abundance we enjoy today relative to our parents and grandparents.
I think what surprised me the most was how expensive things used to be. Bicycles have become 22 times more abundant today compared to 1910. In 1955 Bill Haley and the Comets’ ‘Rock Around the Clock,’ sold 3 million singles at 65 cents each. Unskilled workers at the time were earning around 97 cents an hour. This would put the time price of a song at 40 minutes. Today a student can get access to 90 million songs for $5.99 a month. Unskilled workers are earning around $14.53 an hour, so the time price is around 25 minutes. In 1955 it was 40 minutes for one song versus 25 minutes for 10,800 today (assuming 4 minutes per song and continuous streaming).
This abundance has occurred at the same time population is increasing. Once you start thinking is time instead of money, you will be astonished at the abundance we enjoy today relative to our parents and grandparents.