The Price of a Stamp

So, in my last post I spoke some about the minimum wage and the buying power associated with it.  I used a concept shown to my by Mark Perry.  That is, comparing the cost of goods from 50 years ago to that price today.  I added a little twist and included the price of that good had it too kept up with inflation.

I thought it would be interesting to do the same thing with the cost of government controlled goods.  Like a postage stamp.

Here goes.

Cost of a stamp in 1958:  $0.04

Inflation Price:  $0.30

Real Price Today:  $0.44

So, while the price of products today is going down relative to it’s 1958 inflation price, the cost of postage is going up.  By almost 50%.

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