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1991 Radio Shack ad: 13 electronic products for $5k can now be replaced with a $200 iPhone

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Of the 15 electronics products featured in the Radio Shack ad, 13 of them can now be replaced with a $200 iPhone according to Steve’s analysis.The 13 Radio Shack items in the ad …would have cost a total of $3,055 in 1991, which is equivalent in today’s dollars to $5,225. Versus only $200 for an iPhone 5S.

In hours worked at the average wage, the 13 electronics items in 1991 would have had a “time cost” of 290.4 hours of work at the average hourly wage then of $10.52 (or 7.25 weeks or 36.3 days). Today, the $200 iPhone would have a “time cost” of fewer than 10 hours (9.82) of work at the average hourly wage today of $20.35, and just one day of work, plus a few extra

via 1991 Radio Shack ad: 13 electronic products for $5k (and 290 hrs. work) can now be replaced with a $200 iPhone (10 hrs.) | AEIdeas.

Ther is no reason not to believe that future electronics will be even more powerful and less expensive.

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