Cell Phones and College Tuition

In 1978, my college tuition was about $1,200 per year.  In 1985 my first cell phone also cost me $1,200, and its sole function was that it could make phone calls -- at about a buck per minute.  (Motorola's first cell phone hit the market at $3,995!) But something interesting happened to both products on the way to the year 2012... Today, my daughter (and her parents) are staring down college tuitions in the range of $22,000 to $40,000 per year to prepare for her declared career interest.  My new iPhone has moved in exactly the opposite direction -- purchased for only $199. But that's not the whole story.  My iPhone has a thousand times more computing power than my first $4,000 computer.  It also shoots hi-def video much better than my first camera, which cost me more than $1,000.  It will hold and play back over 1,000 songs and music videos.  My first CD player cost me $400 and would hold only one compact disc (10-15 songs) and was not...(Read Full Article)

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