Center on Wealth & Poverty

The Mission of Discovery Institute’s Center on Wealth & Poverty is to apply the perennial truths of economics and ethics to the urgent challenges of today. We are building a sustained argument against the progressive ideological regime that increasingly dominates America’s institutions and rebuilding the foundation of the nation’s first principles: freedom, equality, charity, and the pursuit of happiness for all. Read more.

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You get 22 bicycles today for the time price of one in 1910.

We have 345 percent more people on the planet today than 1910, but we are enjoying 9,725 percent more global bicycle abundance.
In 1910 you could buy a bicycle for $11.95 from the Sears Roebuck catalog. This sounds like a good deal until you realize that blue-collar hourly compensation (wages and benefits) was 18 cents an hour. This means that it would take 66.4 hours to earn the money to buy one bicycle.

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