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The shipping container revolution in the 1960s displaced 90% of longshoremen.
The cost of hand-loading a ship dropped from about $5.86 per ton to only 16 cents per ton with containerization
This is how deflation looks like in practice.
The shipping container revolution in the 1960s displaced 90% of longshoremen.
The cost of hand-loading a ship dropped from about $5.86 per ton to only 16 cents per ton with containerization