That means in 100 years the newstand price went up 250x
Can't just be inflation. Must have been competition and abundant advertisers.
That means in 100 years the newstand price went up 250x
Can't just be inflation. Must have been competition and abundant advertisers.
Some things - like cars, clothing - got radically cheaper. Some things - like houses - got radically more expensive. Other things just followed inflation.
BTW, when leafing through the pages you might notice Nikolai Tesla proclaiming he'd soon be powering street cars in Dublin with power generated in the US, transmitted wirelessly, or transmit phone calls through a wireless system where 'each word would be transmitted with 1.000.000 hp power'...
1 cent in 1913 => 24 cents today http://www.usinflationcalculator.com/
I'm not sure how much a single issue costs today, but the cheapest you can get NYT for is 75 cents a day: http://daggle.com/new-york-times-subscription-3480
http://www.nbcnewyork.com/news/local/New-York-Times-Price-Hi...
It would be more interesting to compare the price of the paper compared to the average wage.
"If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station — I'm talking of the past — you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference."
http://www.businessinsider.com.au/warren-buffett-good-busine...