Toys Are 30 Percent More Abundant Than Before the Pandemic

More good news for parents with kids.

The Bureau of Labor Statistics is reporting that toy prices have decreased by 5.85 percent since the fall of 2019. Since then time blue-collar hourly wages have increased by 22.9 percent. This would indicate that the time price has decreased by 23.4 percent. For the time it took to earn the money to buy one toy in 2019, you get 1.305 toys today. Toy abundance has increased by 30.5 percent. Merry Christmas.

Tip of the Hat: Jeremy Horpendahl

Data source: BLS Toys: CUSR0000SERE01, BLS Wages: CES0500000008

We describe the process of transforming scarcities to abundances in our new book, Superabundance, available at Amazon. There has never been a better time to create more life.

Gale Pooley is a Senior Fellow at the Discovery Institute and a board member at Human Progress.