Why have the prices of natural resources gone up when we have more efficient methods of gathering them then we did 100 years ago?

Question

Why do things like wood and gas go up over the years when the world has developed way better methods and equipment for gathering and refining them?

In: 0

Answer 1

The price for _everything_ goes up over time. You can’t buy a coke for 5¢, like you could in the 1930s, for example. But (until recently, perhaps) the cost of a coke was (effectively) less than that, allowing for inflation.