March 7th, 2011
06:19 PM ET

Cost of slaves falls to historic low

(CNN) –– If you have $90 then you could own your slave.

Depending on the kind of person you are that sentence could be at once shocking, saddening or darkly comical. However you might feel though, it’s the plain truth, says Kevin Bales.

The modern-day slavery expert explained to CNN that the current $90 rate for a human slave is actually at an historic low. Two hundred years ago, a slave cost about $40,000 in today’s money. The reason for this price slide: a massive boom in the world’s population, especially in developing countries, has increased the supply of “slaveable” people. FULL POST