A Little Story About Inflation

When I was a teenager, I delivered newspapers. I earned 10 German marks (DM) per hour. That was enough money to buy 33 scoops of ice cream, since a single scoop only cost 30 cents, or pfennig, as they were back then.

Fast forward to 2025: today, a teenager delivering newspapers earns at most €12 per hour. However, a scoop of ice cream now costs a hefty €1.50, and sometimes more than €2 in the big cities. This means that for every hour of newspaper delivery, you can afford at best a mere eight scoops of ice cream, but it’s often less than that.

The working time of a newspaper boy or girl has been significantly devalued in Germany over the last forty years. An hour’s work now…

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