Cost Measured by Work Minutes
Having referred to a $40 1970s airline ticket, I was curious about other prices 35 years ago. Not everything was cheaper.
(According to the Dallas Fed, in 1974, a 1 ounce bag of chips was approximately 25 cents, and in 1980, a large pepperoni pizza averaged $7.99.)
But, having pondered prices, the Fed said, instead of comparing prices, look at work minutes.