The Falling Price of Technology

Short post tonight as I’m involved in the Creative Currencies Chiasma event. Given the high quality discussions I’ve already had with people, I have no doubt whatsoever that I’ll have plenty to write about once the event wraps up on Thursday evening. But in the meantime, here’s a couple of quick facts.

Progress continues apace, as does the falling price of technology. It’s worth looking at some of the numbers I think, laid out as they are helpfully in this post to get a sense of perspective. For example, I found it interesting to see that:

  1. Since 1980, the price of computers has dropped 99.9%.
  2. Since 1980, the price of software has dropped 99.3% (unsurprising when you consider how much is free).
  3. Since 1980, the price of TV’s has dropped 97%.
  4. Since 2000, the price of cameras has now dropped by 75%.

Obviously there are a variety of factors that have helped to influence how costs have been reduced (or perceived to have fallen, in the case of inflation) but there’s some handy numbers there if you’re looking for a few solid examples of how innovation can drive down costs.