An hour of work buys about 500,000 times more light than it did two centuries ago.
Comparing lumen-hours of light an average worker can afford from one hour of labour, candles and tallow in 1800 versus modern LED lighting. Roughly a 500,000-fold increase.
- In 1800 light meant candles or whale oil, so an hour of work bought only a brief, dim glow.
- Gas, then the filament bulb, then fluorescent tubes and finally LEDs each cut the energy and cost per unit of light by orders of magnitude.
- Wages rose at the same time, so the same hour of labour commands vastly more light today.
Real progress the price indices never capture. Standard inflation data treats a candle and an LED as the same line item, hiding gains this large.