Difference

You may wonder why should poultry had an inflation rate of 4.5%, while salary and property rose by 8%.

The explanation is simple: Over the past sixty years, there was a dramatic improvement in the productivity of poultry and other agricultural products - by technology, mass production, and so forth. In short, the amount of labour and other cost of breeding a chicken is much reduced now than 60 years ago.

In contrast, there are entities that advances in technology could not actually improve the productivity. For example, the amount of space that we need to live, or the number of patient that a physician could see in a morning clinic. For those who are obsessive with terminology, this phenomenon is known as the Baumol's curse.

But, one point may skip your eyes: Technology has a limit; contrary to the opinion of a certain rocket scientist who recently deceased, we can never go beyond the law of physics and increase the number of chicken bred by a farm of a finite size indefinitely.

And, I suspect (well, yes, I suspect, I could be wrong - hopefully) we are close to the limit.

In that case, we would expect the price of our needs of daily living (food, clothing, etc.) would go up more quickly that they did in the past sixty years.

Another reason for not leaving our spare money idle.