Tag: price

The New York Pizza and Subway Ride Connection

By Anupum Pant

This is funny and interestingly true at the same time. According to Eric M. Bram of New York, there’s an unspoken rough law that says – there’s a connection between the price trends of a pizza* and a subway ride ticket in the New York city.

Their prices have remained more or less same for about 50 years now, moving up and down together! If one goes up, the other has been seen to move in the same direction too. The trend has been observed to be more or less valid for the last half century. 

Don’t ask why. I say, just go with the flow.

It was first observed in the year 1980 by Eric M. Bram. He observed that there was an uncanny similarity in the price of a slice of a pizza and a subway token in the year 1960, in the NYC – Both 15 cents.

In the 70s pizza started costing about 35 cents. So did the subway token! and so on…

Fairly recently, in the year 2002, when the price of pizza was about $2.00, and the price of a subway token was $1.50, it was predicted that the price of the subway ticket would rise. And as the “law” states, it did!

Again in the year 2005, the price of pizza went up to $2.25 and it was predicted that the subway token price would rise. It did again!

Once again in the year 2007. In 2013 the fare moved to $2.50, again just after the average pizza price had risen to the same price. No one probably knows why.

With 50 years of record, I’m pretty sure that the trend is going to keep up. Some one from the future, living in New York could confirm it in the comments section below.

So, if someone starts mass producing pizzas, floods the pizza market in the NYC, and drops the price, will the Subway ticket drop too? Someone should try that. 

*When we say pizza here, specifically, we are talking about a plain tomato + mozarella + crust pizza only.

Aluminium Used to be Costlier than Gold

By Anupum Pant

Unlike gold and silver, there is enough Aluminum in the world. It is in fact, the third most abundant element in the Earth’s crust. Also, it is about two times more abundant than Iron – an element which has a complete  branch of metallurgy revolving around it – Abundance of Aluminium is 2 times of that! Still, for the middle class of the 19th century, bricks made of Aluminium were things they could only dream to buy – Aluminium costed more than gold back then.

The same metal, Aluminium, certainly shines like silver. But our generation almost has no respect for it. Today, it is one of those blasé metals that is used to make disposable soda cans.

Back then, the US, to show off its wealth, decided to cap the Washington monument with a 3 kg pyramid of Aluminium. Later, since enterprising individuals found out a way to extract it in a very efficient manner, Aluminium became something that was not all that rare. People in the 19th century knew how precious it was. That was because, back then there was no good way to extract aluminium from its ore.

In the 19th century Napoleon III invited the King Siam to a dinner. He then gave himself Gold Cutlery, his troops Silver & the King of Siam Aluminium. This was no insult but an honour because aluminium was the most valuable metal on the planet at that time. Today, aluminium is $1,800 a ton while Gold is $50 million. – [Source]

In the mid-1800s, an Aluminum ingot would sell for about $550 per pound. Fifty years later, it costed around 25 cents for the same amount. What changed? Extraction.