“Overall, it continually gets more expensive to do the same amount of work”
This doesn’t seem supported by the graph? I might be misunderstanding something, but it seems like research funding essentially followed inflation, so it didn’t get more expensive in any meaningful terms. The trend even seems to be a little bit downwards for the real value.
Grant award amounts remained the same adjusted for the biomedical price index, but the nominal amounts had to double to match the price index increases.
“Overall, it continually gets more expensive to do the same amount of work”
This doesn’t seem supported by the graph? I might be misunderstanding something, but it seems like research funding essentially followed inflation, so it didn’t get more expensive in any meaningful terms. The trend even seems to be a little bit downwards for the real value.
Grant award amounts remained the same adjusted for the biomedical price index, but the nominal amounts had to double to match the price index increases.