Hacker News new | past | comments | ask | show | jobs | submit login
1958 Punch Card Machine Tested Tubes (hackaday.com)
4 points by rolph 48 days ago | hide | past | favorite | 1 comment



> Sure, $250 doesn’t sound like much but adjusted that’s around $2,300 today.

Tangential point: Prices are always compared adjusted with inflation, but I think it is actually more telling to compare based on average income because IMHO that's what really tells how expensive something was for people.

In 1959, the median income was $2,600 [1]. In 2019 it was $57,456 (for men) [2] and dropped since because of a certain pandemic...

Therefore, something priced at $250 in 1959 'felt' as expensive as something priced at about $5,500 today (that's quite more expensive than using inflation because people have got richer, i.e. incomes have been increasing faster than prices).

[1] https://www.census.gov/library/publications/1961/demo/p60-03...

[2] https://www.census.gov/library/publications/2020/demo/p60-27...




Applications are open for YC Winter 2022

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: