No doubt, inflation continues to rise, and the price of food and gasoline rises with it.
But, the more I think about a loaf of bread costing perhaps 20 cents decades ago, and that same loaf of bread costing $2.50 or more today, well it just makes one wonder.
Sure, overall we make more money than the past too. Which follows which, though? Rising prices or higher salaries?
It seems like the average annual income is playing catchup at best to rising prices.
Bread and Gasoline
I still remember gasoline costing $1.50 per gallon at this one San Diego gas station in December. And paying $3.07 per gallon at my last visit to the gas pump! I think the big oil companies are toying with us.
Anyway, bread, like gasoline, is something that essentially is the same as it was 50 years ago. Maybe, and if someone could enlighten me on this, gasoline has had some improvements over the years. But, in essence it’s the same gasoline. Just as it is the same loaf of bread.
Although, with food nowadays, there could be more pesticides, chemicals, and junk in today’s bread than in a loaf of bread 50 years ago. Maybe, the bread of old was actually healthier and pesticide-free than today’s bread.
A Cup of Joe
But, let’s take coffee. That old cup of joe was just a few cents a cup some 50 years ago. Now, you could spend $1.50 or more for a cup of coffee. And espresso, capuccinos and cafe mochas, twice as much.
And I’m sure cotton was much cheaper back then.
Somehow, things are overpriced today but they are the same things from way back when.
Of course, this runaway inflation doesn’t help the dollar bill, which continues to lose its strength and value in the international market, compared to the Japanese Yen, and the Euro.
Goods and Services
We put a price on things, or at least someone does… it’s all about goods and services and getting paid, making a living, earning a profit.
In the grand scheme of the universe… no one can put a price on a golden sunset, and a walk along the beach. Of course, you might have to pay the price if you don’t have immediate access to a beach. But, there’s no price gazing up at the stars on a clear evening… well, that one’s priceless.
But, an evening with the stars is basically the same experience people have had a thousand years ago or more… and as one gazes in awe and wonderment… it is one thing that is truly free, yet priceless.
Everything else is just “goods and services”.