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1958 Punch Card Machine Tested Tubes
- mytailorisrich 5y ago> Sure, $250 doesn’t sound like much but adjusted that’s around $2,300 today. Tangential point: Prices are always compared adjusted with inflation, but I think it is actually more telling to compare based on average income because IMHO that's what really tells how expensive something was for people. In 1959, the median income was $2,600 [1]. In 2019 it was $57,456 (for men) [2] and dropped since because of a certain pandemic... Therefore, something priced at $250 in 1959 'felt' as expensive as something priced at about $5,500 today (that's quite more expensive than using inflation because people have got richer, i.e. incomes have been increasing faster than prices). [1] https://www.census.gov/library/publications/1961/demo/p60-035.html https://www.census.gov/library/publications/1961/demo/p60-03... [2] https://www.census.gov/library/publications/2020/demo/p60-270.html https://www.census.gov/library/publications/2020/demo/p60-27...