BTW, the income/minute I came up with is:
1955 .04
1975 .09
1996 .27
2015 .43
This is the most accurate way I can think of to compare prices from one period to another. Inflation calculators always vastly overstate how much prices have increased, if any, because they don’t factor in the increased median income.
Taxes and a host of other issues play into this, of course. For instance, you could figure disposable median income rather than total. It’s actually remarkably difficult to compare prices over time, apples to apples.
Good stuff,thanks.