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Another installment of our series on how markets have worked to bring down the cost of common goods.

Your Kitchen Range Costs Less than in Years Past

By Chelsea Follett @Chellivia

In another installment of our series on how markets have worked to bring down the cost of common goods, consider the gas range. Whether you enjoy cooking or prefer to enjoy the cooking of others, take a moment to appreciate that a gas range today costs the average U.S. worker 49 fewer hours of labor than in 1979. That’s a 65 percent discount! 

Chelsea Follett is the managing editor of HumanProgress.org and a policy analyst in the Cato Institute’s Center for Global Liberty and Prosperity.

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