January 04, 2007
A trip down memory lane
While the beginning of the year is a time to look ahead, sometimes it’s good to take a look back. N.C. State University economist Mike Walden looks way back -- to how people lived 100 years ago.
"And I do think this is useful … because it puts our current life in perspective," says Dr. Walden, a professor in the Department of Agricultural and Resource Economics. "But if we look 100 years ago, first of all people only lived half as long as they do today –- about 40 years.
"There were only 8000 cars in the entire country, and the maximum speed limit was 10 miles per hour," he adds. "Workers on average earned about 22 cents per hour, and that amounted to about $200 to $400 per year. Of course, many people earn that now per hour.
"Only six percent of all people in the country had graduated high school, and one of the fastest growing cities in the U.S. today, Las Vegas, had only 30 people."
Posted by deeshore at January 4, 2007 08:00 AM