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by c1u
4864 days ago
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Not sure what you mean by "wealth per person", but pretty much everything is significantly better than it was in 1970. The average North American is significantly wealthier today than they were in 1970. Compare an average car from 1970 and an average car today. Today's econo-boxes are Space Shuttles compared the caveman-cars of 1970 (Ford Pinto?). Both cost approx the same in inflation-adjusted work-hours. Think about the TV that your average family was watching in 1970, and the average TV today. 60" 3D flat panel TVs for <$1000 in 2013 compared to ~$2200 (inflation adjusted) in 1970 for a 16" Motorola color TV. |
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