Try Our New Time Price Calculator
We buy things with money but we pay for them with time.
We built a new tool that helps you calculate and analyze time prices. It can be found at timeprice-calculator.com
Here’s a short video that explains its features:
We’ve included hourly compensation data for unskilled, blue-collar, and upskilling workers going back to 1800. We also have U.S. and global population data back to 1800 as well.
This is a handy little tool to quickly deepen your understanding of how to measure the growth in knowledge with time. Please let us know how it works for you.
We just released The Best of 2024. It includes 50 stories about the growth in abundance on our infinitely bountiful planet. The book is a great gift for a young person who might be worried about too many people on the planet. Or for an older person who thinks resources are finite. (Get one for Thanos).
Order yours today. It’s sure to be a collector’s item. Thanks again for reading Gale Winds. We look forward to another year of discovering and sharing all of the creative superabundance around us.
Gale Pooley is a Senior Fellow at the Discovery Institute, an Adjunct Scholar at the Cato Institute, and a board member at Human Progress.
I read Superabundance and follow your time price posts. Isn't there a problem with comparing, say, blue collar wages in 1919 with today? In 1919 there were no income taxes on blue collar wages, no social security deductions, no medicare. Shouldn't you compare net wages after payroll taxes instead of gross wages to get the more appropriate time price metric?