How good we have it?
Arnold Kling links to Mark Perry showing off some real term growth figures: In 1950, it would have taken almost 8 months of full-time work at the average manufacturing wage to earn the $1,650 needed to purchase the 16 items above at the retail prices
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Read the complete post at http://austrianaddiction.rationalmind.net/archives/2009/03/how-good-we-hav.html