What $8499 Bought in 1989

http://www.stephenbailey.com/technology/what-8499…

Most people know that the price of computer technology is falling. However, many people do not fully understand the scope of this change. This article shows a top-of-the-line PC from 1989, priced at USD $8,499. Working from this article, students can be asked to consider many questions including “Why are prices dropping?”, “What are the social, environmental and business implications of these changes?”, “Why have the price of, say, cars, not dropped to the same extent”.

Another possible avenue for discussion is the fact that USD $8,499 was worth significantly more in 1989 than it is now (depending on the calculation method used, it is worth between USD $14,700 and $22,100 in today’s money).

Amusingly, the price includes neither the monitor, nor the mouse, making it quite unusable.