time price | Page 4

Top down view of claw hammer and rusty nails on a plain wooden background

^{Gale Pooley
February 23, 2022
Growth

2}

Nailing Innovation

_{Gale Pooley
February 23, 2022
Growth

2}

Professor Daniel Sichel from Emory Riddle University has published an interesting paper on nails. He found that before the Industrial Revolution, it took about a minute for a skilled blacksmith or nailsmith to produce one hand-forged nail. Today, a worker can produce 3,500 nails per minute. Read More ›

Green corn field with corn cobs close up.

^{Gale Pooley
February 1, 2022
Growth

3}

Cornpreneurs Save Us From Davos Elites

_{Gale Pooley
February 1, 2022
Growth

3}

You may want to try a worm with your next meal, but there is no reason to think we are running out of corn or the land to grow the food for making appetizing steaks, wings, and chops. Read More ›

^{Gale Pooley
January 17, 2022
Wealth Creation

2}

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

_{Gale Pooley
January 17, 2022
Wealth Creation

2}

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. Read More ›

retro television with christmas hat on yellow background

^{Gale Pooley
December 21, 2021
Wealth Creation

2}

Visualizing Christmas Abundance

_{Gale Pooley
December 21, 2021
Wealth Creation

2}

Enjoying a beautiful display has become 305.8 percent more abundant, growing at a compound annual rate of around 32.3 percent a year. If this trend continues, the 65 inch display in 2026 will cost around 16.77 hours of work. Read More ›

Different household appliances on table in kitchen

^{Gale Pooley
November 16, 2021
Wealth Creation

2}

Kitchen Appliance Abundance

_{Gale Pooley
November 16, 2021
Wealth Creation

2}

As you prepare your dinner this evening, take a moment and thank the many kitchen appliance innovators who have given every home an extra 47.63 hours of life to enjoy. Read More ›

^{Gale Pooley
October 15, 2021
Growth

3}

More Interesting Thoughts About Time Prices

_{Gale Pooley
October 15, 2021
Growth

3}

Time prices offer a number of useful tools to provide additional perspectives on changes in abundance over time. Thinking in time can make much more sense than thinking in money. Read More ›

Breakfast with bacon, eggs, pancakes, and toast

^{Gale Pooley
August 18, 2021
Wealth Creation

3}

Breakfast Bounty

_{Gale Pooley
August 18, 2021
Wealth Creation

3}

When you enjoy breakfast tomorrow morning, take a moment to thank all those who have worked to make all of our breakfasts so bounteous. Read More ›

Hot fried bacon pieces in a cast iron skillet.top view

^{Gale Pooley
August 15, 2021
Wealth Creation

1}

Bacon Innovation

_{Gale Pooley
August 15, 2021
Wealth Creation

1}

Without human innovation, instead of $3.68 a pound, bacon would cost $39.66. or 978 percent more. The next time you have bacon for breakfast, take a moment to smell the innovation. Read More ›

^{Gale Pooley
August 5, 2021
Growth

6}

Are We Running Out? No

_{Gale Pooley
August 5, 2021
Growth

6}

From 1980 to 2020, every one percent increase in population corresponded to a four percent increase in personal resource abundance and an eight percent increase in global resource abundance. Read More ›

^{Gale Pooley
August 2, 2021
Wealth Creation

3}

Space Rides in 2041: $4.53

_{Gale Pooley
August 2, 2021
Wealth Creation

3}

If space tourism can innovate as fast as computer technology, we all get to ride. Every flight yields new knowledge. Learning curves reduce costs 20 to 30 percent for each doubling of output. Read More ›