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Originally Posted by Sailor Steve
Good point, Letum. As a former boss of mine once observed, prices don't go up, the value of money goes down. Example: while a steak dinner may have cost only 25 cents in 1875, $30 was a good month's wages. And an 1875 quarter will still buy now what it bought then.
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As production methods advance, the division of labor becomes more acute, the world
globalises, the rich - poor gap widens and the population increases, commodities tend to
become cheaper.
The exception being high labor, low lifespan products, like fruit and products with limited raw supply, like gold and oil.