Hello readers and welcome back to the Hometown Heritage Blog!
Inflation has affected many products over the years, some more obvious than others. Gasoline is a good example with prices averaging around $2.30 per gallon today. In decades past, they were as low as $.05 a gallon. However, there are some products and services that you may not realize have been affected by inflation!
One such service is shown in today’s picture, barber services! This picture is of Jim Godown in his barbershop was taken in 1929. How much have the prices changed? You might be surprised to know! Back in 1929, around 100 years ago, a haircut was only $.25. According to an inflation calculator, if haircuts were the same price in 2017 it would only be $3.56! A shave was also significantly cheaper. In 1929, it was only $.10, which would only be $1.42 in 2017! Imagine walking into your local hair salon or barbershop and getting a haircut for less than the price of a meal at McDonalds. Of course, none of these numbers takes into account the rising costs of living expenses so it is unreasonable to think that we could return to the age of super cheap haircuts. The average price of a haircut in 2017 is $15, which means that at the 1929 price a single barber would have to do 5 times as many haircuts in a day just to make a living!
Of course, if prices had stayed the same, I imagine getting a bad haircut would not be as much of a letdown since it was so cheap (you get what you pay for, after all). Have you ever gotten a bad haircut? Let us know in the comments, and join us next week for another Hometown Heritage Blog!