$100 Int'l. Phone Call in 1973 Now Costs Only $1.60
ECONOMIST--The cost of a phone call abroad has dropped dramatically in the past three decades, thanks to market liberalization and advances in technology. A one-minute fixed-line call from America has fallen by 98.4% in real terms since 1973 (see chart above).
In other words, an international phone call that cost $100 in 1973 now costs only $1.60 (adjusted for inflation), and a call that cost $10 now costs only 16 cents.
2 Comments:
The cost of the phone call has gone down. That is the good news.
The bad news: Now you can't help but talk to people that you used to be able to avoid because of cost.
Live From Las Vegas
The Masked Millionaire
> Now you can't help but talk to people that you used to be able to avoid because of cost.
Sure you can. Just don't answer the phone.
One of Bell's most impressive psychological efforts was to make people salivate when the phone rings.
You DON'T (gasp!!!) have to answer it!!!
And with caller ID, you usually have an idea who is calling.
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